30 results
- 30 Sept 2024
Prudential Insurance Group Acquires 100% Stake in Prudential Zenith Life
Prudential Insurance Group plc, Global Insurance giant, has acquired 100 percent stake in Prudential Zenith Life Insurance Ltd (PZL). The group had since 2017 acquired 51 percent shares of the…
- 11 Oct 2022
Prudential, Google Cloud Partner to Make Healthcare and Financial Security Accessible Across Africa
Insurance group, Prudential plc (Prudential) and Google Cloud announced a strategic partnership to enhance health and financial inclusion for communities across Africa and Asia. Under this alliance,…
- 16 Feb 2026
UBA Unveils Diaspora Platform to Connect Global Africans with Investment, Wealth Opportunities
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the…
- 29 Apr 2020
UBA Delivers Impressive RoI, as Shareholders Applaud Bank’s Support in Fight against COVID-19
United Bank for Africa Plc (UBA), leading African financial institution, held its Annual General Meeting virtually by proxy yesterday– a first in UBA’s seventy-one year history. The meeting, which…
- 24 Aug 2020
Polaris Bank MD, Abiru, Retires
Mr. Tokunbo Abiru, Managing Director/Chief Executive Officer of Polaris Bank Limited, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully…
- 2 Nov 2022
Afrinvest Affirms Nigerian Banks as Resilient Despite Economic Downturn
The 2022 Afrinvest Banking Sector Report has revealed that despite daunting economic challenges, commercial banks in the country recorded modest improvement in all regulatory indicators. The report,…
- 16 Mar 2025
SEC Voids Mainland Trust’s Registration, Suspends Centurion Registrars
The Securities and Exchange Commission (SEC) has cancelled the registration of Mainland Trust Limited, and suspended Centurion Registrars, following their failure to comply with regulatory…
- 4 Mar 2019
UBA Group Launches Full Banking Operations in the UK
UBA group the global financial city of London has hosted a high level gathering of business and public sector leaders last week as the new UBA franchise, UBA UK was formally birthed in the United…
- 19 Nov 2012
UBA Moves to Monorail Commercial Banking, Holds EGM
United Bank for Africa (UBA) Plc, the Pan-African financial services group has secured the approval of the Securities and Exchange Commission (SEC) to operate as a commercial bank. Subsequently, a…
- 11 Sept 2012
Risks of Mobile Payment and Agency Banking
Nigeria is experiencing phenomenal growth in its banking and e-banking sectors with new policies and regulations that is driving cashlite, branchless Banking and agency banking services…
- 1 Dec 2020
NAICOM Grants Operating License to Enterprise Life Assurance
The Nigerian National Insurance Commission (NAICOM) has granted Enterprise Life Assurance Company (Nigeria) Limited license to commence operations in the country. This comes after the company met the…
- 13 Mar 2018
Concerns as Some Banks Show Signs of Weakness
A Central Bank of Nigeria (CBN) stress test has shown that only large banks will stay above the regulator’s capital adequacy ratio threshold if the non-performing loans levels of the Deposit Money…
- 30 Oct 2025
Nigerian Banks and the Culture of Concealment: How Financial Results Are Being Cooked to Hide Losses
In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of…
- 3 Mar 2021
Enterprise Life Flags off Insurance Business Operations in Nigeria
Enterprise Life, Nigeria, a subsidiary of Enterprise Group PLC, has fully commenced insurance business in Nigerian. Before now the Company has been granted operating license from the National…
- 11 Apr 2017
UBA Delights Shareholders; Distributes N27.2bn in Dividends
Shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos.…
- 15 Jun 2009
UBA Adopts IFRS, BASEL 2, Global Standards in Governance, Financial Reporting, Risk Management
The United Bank for Africa has announced further changes to its financial reporting, governance, risk and control architecture in line with its standard setting history and ongoing commitment to…
- 12 Dec 2018
NDIC Joins Islamic Financial Services Board
The Nigeria Deposit Insurance Corporation (NDIC) has become a full member of the board of the Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur,…
- 23 Feb 2020
Zenith Bank Profit after Tax Hit N208.8Bn In 2019
Zenith bank is reportedly the first Nigerian bank whose profit has crossed N200billion mark. In a clear show of its resilience and market leadership, the bank announced an impressive result for the…
- 8 Jul 2014
Jagal Group Appoints Ayotunde Coker as MD of Rack Centre
The Jagal Group has appointed Ayotunde Coker as the new managing director of Rack Centre Limited starting in July. Coker is a highly accomplished, commercially astute technology executive with over…
- 17 Oct 2014
Over 130 Projects Worth $246Bn Expected At TGAIS 2014
A hundred and thirty-six bankable projects worth a combined total of $246 billion, in the natural resources, agribusiness, power and critical infrastructure sectors, will be presented at The Global…
- 18 May 2021
CSCS Grows Dividend per Share by 36.0% to N1.17, as Profit Soars 41.4%
Central Securities Clearing System (CSCS) Plc, held its 27th Annual General Meeting (AGM) where the shareholders approved N1.17 dividend per share payout to all qualifying shareholders who held the…
- 7 Oct 2015
AfDB, IMF Host Training on Financial Soundness for Officials from Nigeria, Others
Under the Joint Partnership for Africa (JPA) Program, the African Development Bank, through its African Development Institute (EADI) and in collaboration with the International Monetary Fund (IMF),…
- 4 Jan 2019
Access Bank, Diamond Bank Merger to Create Africa's Biggest Bank
A planned merger between Access Bank and Diamond Bank is set to form the largest banking group in Nigeria and Africa by number of customers according to the two lenders. Global Finance, a…
- 15 Aug 2017
Banks Remove $1.2Bn 9Mobile Debt from Books
The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, according to the Nation. The…
- 5 Oct 2016
IFC Launches Platform to Mobilize $5Bn for Investments in Emerging Markets
IFC, a member of the World Bank Group, has launched an innovative program that aims to raise $5 billion from global institutional investors to modernize infrastructure in emerging markets over the…
- 18 Jun 2025
CBN Reaffirms Banking Sector Resilience as Forbearance Ends
The Central Bank of Nigeria (CBN) has reaffirmed the resilience and soundness of the Nigerian banking sector while unveiling a set of targeted transitional measures affecting a select number of…
- 22 Jan 2014
Nigerian Banks Face Cash Crisis-CBN
A Capital Adequacy Ratio (CAR) audit of the 23 banks in the country by Central Bank of Nigeria (CBN) showed that some have “high level of liquidity crisis”, meaning that some have cash crisis.…
- 7 Nov 2025
Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine…
- 30 Aug 2017
Allianz Buys Ensure Insurance for $35m in African Push
Germany’s Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking on…
- 13 Mar 2024
Heirs Technologies Appoints Obong Idiong as Chief Executive Officer
Heirs Technologies, a leading digital transformation company, has announced the appointment of Obong Idiong as its chief executive officer. Idiong brings considerable experience in the technology…