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Banking
Bank Of England Governor Says Negative Rates Are ‘In The Toolbox,’ But There Are…
Andrew Bailey, governor of the Bank of England, poses for a photograph on his first day in the post at the central…
Treasury Yields Bounce Slightly From Last Week’s Record-Setting Drop
Treasury yields edged higher on Monday following last week’s decline that pushed some of the frond-end rates to…
Banks Implement New CBN Guidelines On Debt Recovery
Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global…
Banks Squeezed As CBN Shores Up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the central…
Nigeria: People Fear They’ve Got Too Much Cash In Their Bank Accounts
Falling interest rates are tempting some Americans to forego safety and pour their savings into assets such as…
Banks’ Non-Performing Loans Now N1.2tn – CBN
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central…
Black And Ethnic Minority People Could Feature On British Money
Black and ethnic minority figures are set to feature on British currency for the first time, with Gurkha heroes and…
U.S. Exim Bank Out To Displace China After Record Loan In Africa
Bank finalizes $4.7 billion loan for Mozambique gas project
Support could range from power systems to…
Nigeria Wants Banks to Alter 65% of Loans Amid Economic Fallout
Lenders are already busy reorganizing $20 billion of debt
Banks can revamp credit terms without booking…
Nigerian Banks To Limit Debit Card Spending Abroad To Ease FX Risk
Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said,…
Nigeria: Anxiety As Forex Scarcity Hit Banks
Indications are that most deposit money banks (DMBs) operating in the country are practically struggling to meet…
Nigeria: No More Hiding Place for Loan Defaulters
Individuals and companies, who have the habit of borrowing from banks, with the intention of not paying back, may…
How Did Nigeria’s Treasury Bills Drop From 18% to 3% in 3 Years?
How did Nigeria's treasury bills drop from 18% to 3% in the last three years and why earnings on savings,…
EXPLAINER: How The Policy On Settling Loan Defaults With Funds In Other Banks Will…
The Central Bank of Nigeria (CBN), on Monday, released a policy that would allow banks to settle loan defaults with…
NDIC Seeks To Hold Directors Accountable For Bank Failures
The Nigeria Deposit Insurance Corporation has sought a legal backing from the National Assembly to enable it to…
CBN Seeks Power To Freeze Bank Accounts ‘Linked To Criminals’
The Central Bank of Nigeria is seeking sweeping powers to freeze bank accounts “linked to criminals in the country…
CBN Seeks Exclusive Right To Bank Licensing, Revocation
The Central Bank of Nigeria (CBN) has said, in line with international best practices and to avoid duplication of…
Banks Now To Seize Defaulter’s Funds In Other Banks
The Central Bank of Nigeria, CBN, has issued guidelines on the Global Standing Instruction, GSI, which enables…
Bank Of England Debating Digital Currency Creation
The Bank of England is reviewing whether it should create a central bank-backed digital currency, according to…
Banks To Place Chronic Loan Defaulters On Watch List
the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking…
Nigerian Banks To Debit Debtors’ Accounts Directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable…
Looming Free Fall – How To Save The Naira
On Tuesday, the Central Bank of Nigeria, CBN, adjusted the value of the Naira to exchange to the dollar at N381, as…
Nigeria’s Confusing Currency and IMF Loan
Humbled by crashing oil prices and the coronavirus pandemic, Nigeria appears to be heeding the International…
Latest Nigerian Currency Devaluation Sows Confusion With Traders
Naira devalued by 5.5% against dollar, according to FMDQ data. Nigeria is seeking to unify its multiple exchange…
China Imposes Checks On Large Transactions After Bank Runs
China imposed a program to keep large transactions in check amid heightened concerns over the state of its…
Nigeria: OPS Backs CBN On Exchange Rates’ Unification
The Organised Private Sector (OPS) has commended the recent step by the Central Bank of Nigeria (CBN) towards…
Is Nigeria’s Mobile Money Data An Unsolved Puzzle Fintechs Toy With?
Here’s a simple question: How many mobile money agents are in Nigeria at present? Well, the answer is not so simple…
Banks, Other Lenders Urged To Finance Africa’s Economy
The Group Chief Executive Officer, United Capital Plc, Mr. Peter Ashade, has called on financial institutions to…
British Pound Heads For First Weekly Win Against Dollar In Four
Sterling was headed for its first positive week in four against the dollar on Friday, holding close to the $1.25…