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Banking
CBN Reimburses Non-oil Exporters with N81 billion.
According to the Central Bank of Nigeria, non-oil export proceeds returned to Nigeria increased significantly from…
The Outlook for Sterling Bank’s “BBB+” Rating is Favorable.
DataPro, the Technology-Driven Credit Rating Agency, assigned Sterling Bank Plc a long-term rating of "BBB+" with…
Banks lend N1.2tn to Construction Firms.
The loans obtained by operators in the country's construction sector from banks increased from N1. 025tn…
Nigerian Banks Increase Interest on Existing Loans to Customers By 200bps.
Commercial lenders have raised the interest rates they impose on current contracts by 200 basis points, or 2%, up…
CBK Increases Lending Fees to Control Inflation.
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy,…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth of…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria (CBN)…
UBA Restates Commitment To SMEs Development Across Africa.
United Bank for Africa (UBA) Plc. Africa's Global Bank, has reaffirmed its commitment to the expansion of Small…
The Assets of Nigerian Banks Increased by N10 trillion to N66 trillion.
The Central Bank of Nigeria's most recent statistics show that between August 2021 and August 2022. The assets of…
To Accelerate the Growth of SMEs, Bank of Ghana Collaborates with Two Parties.
The Bank of Ghana (BoG) has teamed up with two organizations to provide the nation's micro, small, and…
Banks Will Use Tellers Following Naira Redesign
The Bank Customers Association of Nigeria (BCAN), which represents commercial bank clients, has requested an…
According to Emefiele, the CBN is Creating New Legislation to Address…
According to the Governor of the Central Bank of Nigeria (CBN), threats to the financial service system prompted…
Banks are Urged by Financial Experts to Finance Infrastructure.
Financial industry experts have urged banks nationwide to assist the government in funding infrastructures; in…
UBA America hosts the International Banking Conference from October 17–21, 2022,…
The discussions on global economic trends at the 2022 edition of the UBA Group International Banking Conference…
51% of Finibanco Angola S.A. is purchased by Access Bank.
According to the bank's company secretary, Access Holding Plc's subsidiary, Access Corporation, completed the deal…
Nigerian Bank Stocks With The Lowest Price-Earnings.
According to data gathered by Bloomberg, United Bank for Africa Plc, Access Bank Plc, FBN Holdings Plc; and Unity…
Emefiele Asserts That There Is No Law Requiring CBN To Give Dollars To Foreign…
Foreign airlines' funds stranded in Nigeria, according to the International Air Transportation Association (IATA),…
CBN Increases MPR To 15.5% In A Determined Effort To Control Inflation.
The Monetary Policy Rate (MPR), known as the interest rate, was increased by 150 basis points from 14 to 15. 5…
How Nigeria’s Real Estate Sector Is Fueled by Land Banking.
The real estate industry is just one of the many areas of human endeavor where various forms of banking are…
CBN Approves Access Corporation’s Payment In Full.
A new payment subsidiary controlled entirely by Access Corporation, Hydrogen Payment Services Company Limited, has…
Top 10 Nigerian Banks By e-business Revenue In 2022.
Revenue from electronic channels, card products, and related services are all included in e-business income. Thus,…
Nigerian Bank Prohibits Use Of Dollar Debit Cards For Naira Transactions.
Due to the growing shortage of foreign currency in Nigeria, First Bank of Nigeria has banned international…
CBN: RT200 Strategy Will Increase Exports Of Goods.
The CBN's RT200 FX program intends to generate $200 billion in forex profits from non-oil proceeds over the course…
Investors Earn N68.63 Billion In Three Top Nigerian Banks In August Despite Sell…
Despite sell pressure witnessed on the shares of some quoted companies listed on the floor of the Nigerian…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.
…
Bank Loan Defaults Cross Half A Trillion For The First Time.
Bank loan defaults have crossed the half a trillion shilling mark for the first time; setting up thousands of…
Stanbic IBTC Posts N31 Billion PAT In H1 2022.
Stanbic IBTC Holdings Plc has posted a profit of N31 billion for the first half of the year 2022; a 36% high from…
Zenith Bank Announces Interim Dividend Of N0.30k For Every 50k Share Held By…
Zenith Bank plc has announced an interim dividend of N0.30k for every share of 50k held by shareholders of the…
Anxiety In Banks As Loans To Power Sector Hit Over N800bn.
There appears to be no end sight to the woes of the power sector with economic experts expressing concerns over a…
HSBC Ups Price Targets On Greek Banks, With Eurobank, Piraeus Top Picks.
HSBC raised its price targets on shares of Greece's four largest lenders after they posted strong performances in…