MARKETS

The Central Bank of Nigeria (CBN) has revealed that the total number of individual customers in the banks industry has hit 59.9 million as at August 23 2016, while the number of Bank Verification Numbers (BVN) linked to customers’ accounts was 36.7 million The above disclosure quickly exposes the fact...

Insurance brokers, under the auspices of Nigerian Council of Registered Insurance Brokers (NCRIB), have charged insurance companies in the country to be innovative in products design and delivery. Speaking on behalf of the brokers, President, NCRIB, Mr. Kayode Okunoren, said, this entails that products are going to be tailored according...

The Managing Director/Chief Executive Officer, FBNInsurance Limited, Mr Val Ojumah, has identified business opportunities for insurance in the non-oil sector in the light of current economic downturn largely brought about by crashing oil prices. Speaking at the opening session of the professional forum of the Chartered Insurance Institute of Nigeria...

The Access Bank UK Limited, a wholly-owned subsidiary of Access Bank Plc, a Nigerian Stock Exchange-listed company, expects to see strong growth in its trade finance business linking the Middle East region with Nigeria and other Sub-Saharan markets, Jamie Simmonds, CEO at The Access Bank UK told Gulf News in...

Zenith Bank Plc and First Bank of Nigeria (FBN) Holdings Plc have stronger liquidity ratio required by Central Bank of Nigeria (CBN) to absorb a reasonable shock from customers’ emergency withdrawal. Liquidity ratios are a class of financial metrics used to determine a bank’s ability to pay off its short-term...

Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is...

The Director-General Nigerian Insurers Association (NIA) Mr. Sunday Thomas has urged the public to secure their belongings this period of recession with insurance which remains the best tool to mitigate risks. Thomas, while speaking at the 2000 man match awareness campaign organised by the Association of Registered Insurance Agents of...

Access Bank Plc has emerged the best bank in Nigeria for the year 2016. The announcement was made by the Award Committee at this year’s BusinessDay Annual Banking Awards which held at the Eko Hotels on Friday night. As a confirmation of an exceptional performance in 2015, Access Bank’s Group...

A turnover of 1.183 billion shares worth N10.300 billion in 16,522 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.115 billion shares valued at N13.817 billion that exchanged hands last week in 16,083 deals. The NSE...

The Chartered Institute of Bankers of Nigeria (CIBN) and the Central Bank of Nigeria (CBN) have x-rayed possible reforms and strategies to revive Nigeria's economy. The reforms which were mentioned at the 10th Annual Banking and Finance Conference highlighted possible strategies that could be adopted in driving production of local...