Wema Bank Secures Regulatory Approvals On N40bn Rights Issues
After concluding the 1st tranche of its Capital Raise Programme, Wema Bank Plc has successfully secured regulatory approvals...
UBA Seeks Shareholders’ Nod For N500bn Recapitalisation, Marks 75 Years Anniversary
United Bank for Africa (UBA) has said, it will, this Friday, seek shareholders’ approval on its recapitalisation plans,...
Banks To Begin Deduction Of Cybersecurity Levy
The Central Bank of Nigeria (CBN) has directed all financial institutions in the country to begin the deduction...
10 Things To Know About New Capital Requirements For Banks By CBN
It's no longer news that the Central Bank of Nigeria (CBN), on Thursday evening, unveiled new minimum capital...
CBN Warns Banks Against Using Obsolete Circulars
The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks...
CBN Makes 1st Forex Market Intervention In 5 Months, Sells $86m
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market for the first time in five...
Reforms: Forex Inflow Surges By 66.7% To $2.2bn
Foreign exchange inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) surged by 66.7 per cent last week...
Access Holdings: How Wigwe’s Successor Will Emerge
Following the death of group managing director and chief executive of Access Holdings, the former Nigerian minister of...
FirstBank Clinches Corporate Bank Award At 2023 Euromoney Awards
FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at...
Tenure Limit… Bank, Insurance Chiefs Dodge Regulatory Axe
Despite the existence of a 10-year tenure limit for managing directors and chief executive officers (CEO) of banks...