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Banking
SVB: CBN Encourages African Regulators to Prevent Bank Failure
Godwin Emefiele, the governor of the Central Bank of Nigeria, has encouraged other central bank governors in…
Forex Crisis: Banks Reduce PTA/BTA to $2000, Review Processing Time to 120 Days
Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) dollar amounts have been reduced by 50% at…
Polaris Encourages Women’s Empowerment In The Workplace.
The country's institutions have been urged by Polaris Bank Limited and other financial sector players to offer…
E-payment Declines to N37tn as Unsuccessful Transactions Increase
Cashless gateways were utilized 901.46 million times in February compared to 638 million times in January.
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N20tn Economy Loses Due to CBN’s 70% Cash Mop-up
According to a recent analysis by the economic think tank Centre for the Promotion of Private Business, the…
Stanbic IBTC Bank Is Listed By PenCom For Financing RSA-backed Mortgages.
The Pension Commission has designated Stanbic IBTC Bank, a division of Stanbic IBTC Holdings, as one of the…
The Deputy Managing Director Of Zenith Bank Resigns.
Adaora Umeoji, the Deputy Chief Executive Officer at Zenith Bank, has left her position after seven…
Banks’ NPL Sustains Decrease at 4.2%, Assets Up 24.24% To N73.59trn
The non-performing loans (NPLs) in the country's banking industry have reportedly declined further below the…
CBN Disburses N114bn Under 100-for-100 Policy
From the start of the intervention, the Central Bank of Nigeria has given beneficiaries under its 100-for-100…
Flutterwave Denies Losing N2.9 Billion To Hackers
Flutterwave, a unicorn in the African financial industry, has denied losing $2,949,557,867 to hackers. it was…
Bank Assets Increased To N73 trillion, According To CBN
From N59.24tn at the end of December 2021 to N73.59tn in the same time of 2022, the total assets of the banking…
CBN Plans To Issue N1.13tn In Treasury Bills In The Second Quarter.
For the second quarter of 2023, the Central Bank of Nigeria intends to generate N1.13 trillion through treasury…
N42tn In Bank Loans Are Given To The Private Sector.
According to data acquired from the Central Bank of Nigeria, bank credit to the private sector increased from…
Stanbic IBTC Increases Cashless Transactions
A subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Bank, has promised to assist frictionless financial…
According To CBN, There Is N1.38tn Less Money In Circulation.
Due to the Central Bank of Nigeria's naira redesign strategy, the total quantity of currency in circulation in the…
Banks’ Prime Lending Rate Reached 13.67% Despite Macroeconomic Difficulties
Commercial banks' prime lending rate to the most creditworthy consumers climbed to 13.67% in 2023, a 1.99%…
CBN Evaluates Bank MDs, DMDs, And EDs’ Tenure
The Central Bank of Nigeria (CBN) reviewed the terms of the Managing Directors, Deputy Managing Directors (DMDs),…
Cash-flow Crisis: CBN Introduces USSD for E-Naira on Bullnet
The Central Bank of Nigeria has developed a USSD channel for the eNaira, the central bank's digital currency. it…
Early Branch Closures By Banks Due To Elections
Deposit Money Banks have made the announcement that they will have a early closure, one day before the nationwide…
Premium Trust Bank Opens Branch At Redemption City
Premium Trust Bank, a quickly expanding commercial institution in Nigeria, has started conducting business in…
CBN: IMF Requests A Review Of The 2007 Act
To increase the bank's autonomy and governance, the International Monetary Fund has advocated for a revision of…
French Agency And BoI Agree To A Funding Of €2.5 Million.
A funding deal for €2.5 million has been agreed between the Bank of Industry and the French Development Agency to…
Wema Bank Supports SMEs In Enugu
According to Wema Bank Plc, it intends to provide small and medium-sized businesses in Enugu with the necessary…
As the Shortage of New Naira Notes Remains, more Banks Close.
According to research by The PUNCH, more banks have started closing their branches as the currency shortage…
NDIC Reaffirms Commitment to Safeguarding Mfbs Customers
In order to improve failure resolutions, the National Association of Microfinance Banks Unified Information…
Banks Close Locations Due To Customer Assaults
This happened the day after the Lagos State Police Command warned that some groups were preparing to start…
Due To Lack Of Naira, Sterling Bank Waives Transaction Costs.
All personal account transaction fees have been abolished, according to Sterling Bank, as a show of support for…
Agriculture and Manufacturing Record Fastest Production Cost Increase in January…
According to the Purchase Manager Index (PMI) study from Stanbic IBTC Plc, operators in the industrial and…
First female CEO for UBA’s operations in Africa is appointed.
The board of Directors of the United Bank for Africa Plc, has appointed Mrs Abiola Bawuah, as chief executive…
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation's capital, Lagos, Anambra and other states, black marketers were observed selling the new…