Banking

The embattled Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has reportedly volunteered to…

The Bank Customers Association of Nigeria (BCAN) late Sunday detested in unequivocal terms the attempt by some…

The Central Bank of Nigeria (CBN) has suspended Mobile Money Operators, Payment Switch providers from receiving…

Nigerian Banks have issued disclaimers against Azimo, a money transfer application that claims to facilitate global…

The World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it can approve a $1.5…

POLARIS Bank has started the payment of dollars to beneficiaries of money transfer across all its branches. The…

Nigeria has sunk into its second recession in less than five years as the Covid-19 pandemic and oil price crash…

Bank account ownership is quite compulsory in many developed countries of the world. Research shows that nearly…

The coronavirus pandemic has deeply impacted the situation in the world – especially the economic one. A lot of…

In assenting into law of the BOFIA 2020, President Muhammadu Buhari said the new legislation represents a…

S&P Global Ratings warned that banks could face their toughest year since the aftermath of the global financial…

Nigeria is in the process of accessing a $750 million World Bank loan to enable local states to support vulnerable…

LONDON, Nov. 10, 2020 /PRNewswire/ -- With a looming recession, inflation on the rise and a lack of security, high…

The Central Bank of Nigeria (CBN) has said that daily patronage of the Standing Deposit Facility (SDF) by…

MONEY MARKET Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by…

Nigerian lenders will drop below minimum capital buffers required by regulators should the economy shrink further…

Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the…

I often wonder about the wind of change that is sweeping across the Nigerian banking industry, especially the…

The advent of financial technology (fintech) companies have changed the dynamics in the nation’s banking and…

OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country's economy won't…

Britain’s main banks will have extra time before they have to say publicly how they could be closed down in a…

The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake of the violent…

Heritage Bank Plc has said it is set to commence the account opening with Bank Verification Numbers for the…

A Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect of a…

Morgan Stanley is making more, and paying more. Logical as that sounds, it’s also rather daring. Handing over big…

Some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming…

The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory…

Polaris Bank has re-launched its popular Salary Advance with an added capability of enabling non-account holders to…

Civil servant Amos Dam is frustrated after waiting two hours to enter a bank in Nigeria’s capital Abuja. He is one…

Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied…