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Banking
Zenith Bank CEO is Honored by UNN
Ebenezer Onyeagwu, group managing director and chief executive officer of Zenith Bank Plc, received a doctorate in…
Foreign Reserves Decline by $1.43bn in Ten Weeks.
Experts concurred that the CBN's approach to currency management was the primary cause of Nigeria's precarious…
E-payment Issues Put Pressure on the Bank’s Tech Resources
The lack of petrol prevented people from queuing, but the lack of cash drove the Central Bank of Nigeria to…
Kuda Promotes Professional Women
This year's International Women's Day will be celebrated with a month-long series of events, according to Kuda…
Emefiele Spits Fire, Threatens Errant Banks’ Shareholders
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has issued a stern warning to misbehaving…
FCMB Group Issues N20.68bn Bond
In accordance with its N300 billion debt issue plan, FCMB Group Plc has announced the issuance of a N20.68 billion…
NIBSS Reports a 44% Decrease in E-bill Payments Due to a Cash Shortage.
Despite the Central Bank of Nigeria's naira redesign strategy, which aims to increase cashless transactions, the…
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.
…
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…