The Federal Government, in collaboration with key Nigerian banks, has unveiled plans to attract $20 billion in diaspora funds as…
Browsing: banks
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has urged commercial banks to expand their…
The House of Representatives has commenced a comprehensive probe into what it described as excessive and unregulated tax deductions, illegal…
The Central Bank of Nigeria (CBN) has reinforced its supervision of commercial banks currently undergoing the recapitalisation process to ensure…
Nigerian banks are bracing for fresh challenges as the Central Bank of Nigeria (CBN) rolled out new liquidity requirements that…
Nigerian bank customers have expressed support for the Central Bank of Nigeria (CBN) imposing fines on banks that fail to…
The combined market capitalization of eight leading Nigerian banks has surged to ₦7.2 trillion, reflecting increased investor confidence and strong…
The Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to sanction banks in Nigeria for recurring service disruptions…
In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to…
About 150 banks have expressed interest in participating in the lending ecosystem for the newly launched Consumer Credit Scheme. This…
The Federal Government said on Wednesday it had made significant progress in discussions with Development Finance Institutions to establish a…
Financial analysts have stressed that Nigeria requires a cumulative 750 basis points interest rate hike implemented over the last three…
Amidst challenges in the foreign exchange market and a potential fresh decline in the value of the naira, Nigerian banks…
After the CBN governor dropped hints about an upcoming recapitalization exercise for Nigerian banks, discussions have intensified regarding the capitalization…
In the initial nine months of 2023, Nigerian banks continued to harness the power of fintech, reporting a substantial total…
Ademola Adeleke, the governor of Osun, has urged bank CEOs to reopen closed branches in the state’s municipalities. The Governor…
Ex-BBNaija winner, Whitemoney has come out to share his experience in trying to get the new Naira notes following the…
The Federal Competition and Consumer Protection Commission (FCCPC) has as part of its wide-ranging orders against unlicensed and illegal online…
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has established that the Corporation has paid a cumulative…
The Central Bank of Nigeria (CBN) has instructed banks and payment service providers (PSPs) to begin processing end-to-end bulk payments…