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JPMorgan trims loan reserves on hopes for recovery
JPMorgan Chase & Co reported a better-than-expected quarterly profit this week as it released some of the cash it had built up against ...
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DMO offers N150 billion worth of FGN Bond for subscription in January 2021
The Debt Management Office (DMO) has announced the offer for subscription, Federal Government Bonds (FGN Bonds), valued at N150 billion for January 2021. ...
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Saudi Arabia generates $382.9m in investment banking fees
Saudi Arabia, along with the UAE, generated two-thirds of the investment banking fees in the Middle East and North Africa (MENA) last year, ...
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FMDQ Securities Exchange admits Total Nigeria Plc and 2 others CPs
FMDQ Securities Exchange Limited has announced the quotation of Total Nigeria Plc, Mixta Real Estate and Valency Agro Nigeria Limited Commercial Papers under ...
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Fintech’s Final Frontier: Central Banks and Disintermediation
The internet has many legacies, but its greatest one is disintermediation. And the greatest disintermediation of the banking system is coming soon to ...
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Virtual cards break the check habit for B-to-B payments
In the wake of the many changes this year has brought, companies are moving toward making more of their supplier payments electronically. It’s ...
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ECB Lays Ground for Further Eurozone Bank Consolidation
The ECB’s newly published guide on its supervisory approach to consolidation in the eurozone banking sector indicates its openness to large-scale cross-border mergers ...
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CBN issues framework for QR payments
The Central Bank of Nigeria has issued the framework that would guide Quick Response (QR) Code Payments in Nigeria. This is a proactive ...
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Digit Insurance becomes first unicorn of 2021 with $1.9 billion valuation
Fairfax-backed digital insurance company Digit Insurance disclosed on January 15 that it has achieved a valuation of $1.9 billion, becoming the first start-up ...
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Uniswap Now Has More Than $3 Billion in Liquidity
The DEX’s liquidity has surged after suffering a massive decline in November. Uniswap’s liquidity peaked in November 2020 at $3.36 billion, then declined ...