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Nigerian bank mergers 'may boost access to finance'

Access to finance for Nigerian consumers could be improved if mergers and acquisitions deals currently being negotiated in the country are completed.

Access to finance for Nigerian consumers could be improved if mergers and acquisitions deals currently being negotiated in the country are completed.

Stanbic IBTC Bank Plc (IBTCCB), which is a unit of the Standard Bank Group, will offer a Shariah-compliant banking service in Nigeria.

Stanbic IBTC Bank Plc (IBTCCB), which is a unit of the Standard Bank Group, will offer a Shariah-compliant banking service in Nigeria.

The Finance Houses Association of Nigeria is encouraging the country's central bank to review the capital base rate.

The Finance Houses Association of Nigeria is encouraging the country's central bank to review the capital base rate.

Nigerian banks are still reluctant to loan money to consumers, despite the fact they were bailed out by the country's Central Bank (CBN) in 2009.

Nigerian banks are still reluctant to loan money to consumers, despite the fact they were bailed out by the country's Central Bank (CBN) in 2009.

Nigerian consumers are to get access to a new payment card product following the establishment of a partnership between MasterCard and InterSwitch.

Nigerian consumers are to get access to a new payment card product following the establishment of a partnership between MasterCard and InterSwitch.