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Dangote to Benefit as Fertilizer Prices Hit Near Decade High

Dangote Group which began its its first shipment of fertilizer from its new fertilizer plant at the Lekki Free Zone in Lagos, to the...

Top 10 Nigerian Banks by Total Assets

While the world has grappled with a once-in-a-lifetime health crisis, the Nigerian banking sector has remained resilient. The pandemic stumped investors who were wary about...

The Curious Case of Nigerian Asset Allocations

Introduction Forecasting financial outcomes is a challenging task because economic and financial variables tend to change without notice to market participants. Empirical evidence, sensible judgement...

First Bank Sells Collateral Linked to Oba Otudeko’s Bad Loans – Sources

FBN Holdings (FBNH) has disposed of collateral tied to bad insider loans linked to one of its former directors, Oba Otudeko in the second...

Nigerian Insurers Report Strong Second Quarter Top-Line Growth

The top 17 public Nigerian insurance companies reported aggregate revenue of N175.10 billion in the first six months of 2021, a year on year...

Access, Zenith, Stanbic, First Bank others pay N2.45bn fines for FX infractions

Nigerian banks who have been touting their abilities to superintend over the retail end of the Foreign Exchange (FX) market since the ban put...

Banks Pass CBN Stress Test Setting Stage for Pullback in Forbearance

A recent stress test conducted by the Central Bank of Nigeria (CBN) on banks in view of restructured industry credit portfolios as a result of...

Banks Holdco Structure Turmoil to Spur Insurance Penetration

The push by more Nigerian banks to adopt a full holding company (Holdco) structure as a means of generating higher returns and a well-diversified...

Nigeria’s Access Bank Faces Tough Competition in South Africa Venture

Nigeria's Access Bank PLC faces tough competition from incumbents as it ramps up operations in South Africa, but it could find success in niche markets. On May...

There are Only Six Big Insurers in Nigeria

The insurance industry is dominated by the big six insurers-Leadway Assurance Limited, AIICO Insurance Plc, Custodian Investment Plc, FBN Insurance Limited, NEM Insurance Plc,...

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