New cost elements as hindrance to deflating unclaimed dividend funds

It is still a long, winding road ahead to to the pleasure and company of the bales of money locked up in the unclaimed dividend fund for the thousands of retail investors who are encumbered by the cumbersome process involved and the cost of accessing the money. Lying idle in the unclaimed dividend fund is […]

SEC unveils digital revolution securities trading

The technological trading revolution at the Nigeria Stock Exchange continued on the upward trajectory as the Securities and Exchange Commission (SEC) inaugurated a Fintech  committee to come up with a FinTech roadmap for the Nigerian capital market. The Committee, which is to operate under the purview of the Capital Market Committee (CMC), has Ade Bajomo, […]

Financial inclusion is advancing in Nigeria on fintech push, says SEC’s Uduk

Mary Uduk the acting director general of the Securities and Exchange Commission Friday noted that financial inclusion in the county has begun to advance, adding that fintech innovators are the main drivers of the revolution. Delivering a keynote address on “Digitization, disruption and financial inclusion: Digital finance as an essential tool for enhancing financial inclusion” […]

Fidelity Bank sees H1 2018 post tax profit grow by 31% to N11.8bn

Fidelity Bank

Fidelity Bank Plc. Wednesday released its half year financials for the period ending 30th June 2018, recording a 31 percent increase in profit after tax. The lender grew it’s post tax profit to N11.8 billion from N9.0 billion recorded in the same period of 2017, on account of a four percent growth in gross earnings […]

Nigeria’s senior bankers, insurers praise central bank’s takeover of Skye Bank, urges best practice in sale process

Skye Bank, Insurers

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) praised the Central Bank of Nigeria (CBN) on Wednesday over the revocation of the operating license of Skye Bank. The union said the N786 billion injection by the apex bank, which birthed Polaris Bank, is a courageous move at ensuring the efficiency of […]

Heritage Bank seeks sustained collaboration between banks, fintechs on financial inclusion

Heritage Bank

Heritage Bank Plc has stressed the need for sustained collaboration between banks and financial technology companies (fintechs), to support Central Bank of Nigeria’s (CBN) drive for financial inclusion and promote economic growth. Ifie Sekibo, managing director of Heritage Bank, said this while delivering a goodwill message at the 2018 annual national conference of the Finance […]