11 articles tagged with “Financial Services”
Nigeria's insurance sector recorded rapid expansion in 2025, according to National Bureau of Statistics data, though its overall contribution to GDP remains limited as industry players emphasize gender inclusion initiatives.
Rank Capital has appointed Lucky Djebah as Executive Director for Investment as the firm expands into wealth management, signaling continued evolution in Nigeria's financial services landscape amid broader sector developments.
The Federal Mortgage Bank of Nigeria posted N152.4 billion in housing fund collections with 48% growth, while commercial banks expanded services targeting women entrepreneurs and small businesses through infrastructure investments.
Nigerian banks and insurers are expanding strategic partnerships and customer education initiatives, with Mutual Benefits Assurance settling N5.93 billion in claims in January 2026 while Ecobank reinforces cross-border trade facilitation across Africa.
Nigeria's House of Representatives moves forward with dedicated fintech regulatory commission while diaspora remittances increasingly flow into structured investment vehicles, signaling maturation of Africa's largest economy.
The proposed merger between Unity Bank Plc and Providus Bank Limited moves closer to completion with shareholder approval and regulatory support, signaling a new phase of consolidation in Nigeria's banking sector.
Sterling Financial Holdings has commenced allotment of N88.1 billion in shares following a successful public offer, while SanlamAllianz General Insurance appointed Jacqueline Uche Agweh as Managing Director and Stanbic IBTC Insurance secured institutional excellence awards.
The Financial Institutions Training Centre will gather industry leaders in March to address workforce value delivery challenges as automation and digital tools reshape traditional banking roles across Zimbabwe's financial services landscape.
Nigeria's financial sector demonstrates growth momentum as fintech Monica Cash processes over N500 billion in three years of operations, while the Nigerian-British Chamber of Commerce markets reform credentials to London investors amid persistent risk concerns.
Six major Nigerian deposit money banks reported combined customer loans of N33.99 trillion, marking 9.2% growth despite intensifying fintech competition, while the stock market advanced N6.79 trillion week-on-week following pension fund equity limit increases.
Global energy consumption is projected to expand modestly in 2026 while China's financial sector undergoes state-directed mega-mergers, according to Economist Intelligence Unit analyses covering key economic sectors.