News & Insights

A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given […]

  The European Union and Britain are engaging intensively to clinch a deal on their future relationship, before a transition period ends on Dec. 31, the European Commission said on Tuesday. “Both sides are engaging intensively to reach a deal,” a Commission spokesman told a regular press briefing, without commenting […]

  The U.K.’s fintech bridges initiative, a series of bilateral agreements with five APAC countries designed to help young companies enter new markets, could strengthen the country’s hand in shaping global fintech regulation after the Brexit transition period ends, according to industry observers. Britain currently has fintech bridges with Hong […]

      By Emmanuel Addeh Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue to suffer the fallout of the coronavirus pandemic despite the measures put in place by oil companies and governments globally. The company noted that the phenomenon has also brought […]

      *Amy Coney Barrett cements conservative majority on bench in time to decide election disputes     Amy Coney Barrett was confirmed by the US Senate on Monday night in a vote largely along party lines, giving President Donald Trump his third Supreme Court justice just a week […]

        The Financial Regulation Council (FRC) said it would soon issue the much-awaited Audit Regulation designed to deepen transparency for investors.     Deputy Director/Head, Directorate of Accounting Standards Public Sector, Dr. Iheanyi Anyahara, disclosed this at an online stakeholder’s interactive forum with the FRC and the […]

        The Economic Community of West African States (ECOWAS) has said it plans to name and shame countries that have not regarded the decisions and rulings of its institutions.     This is coming in view of the flagrant disregard for the rulings and decisions of the […]

        Facebook Inc. may face United States’ anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission (FTC) met privately on Thursday to discuss a probe while state attorneys general under the leadership of […]

CBN The Central Bank of Nigeria (CBN) has received 2,051 frauds, ATM card, electronic transactions and excess charges related complaints from bank customers between January and June. Mr Haruna Mustafa of Consumer Protection Department of CBN said this at the 2020 workshop for Finance Correspondents Association of Nigeria (FICAN) in […]

The African Continental Free Trade Area (AfCFTA) represents a huge and ground-breaking opportunity for African nations, and the striking of this agreement was undoubtedly a watershed moment in the continent’s history. In simple terms, it has the potential to lift 30 million people out of extreme poverty in the region, […]