Rising Costs Pushing Nigerians Into Debt – Survey
As prices of goods and services continue to rise, Nigerians are spending their savings and getting into debt...
Private Sector Gets N2.3trn Credit from Bank In July
Despite the high cost of funds in the country, the private sector in the country had been able...
CBN To Sanction Banks, BDCs For Rejecting Old, Small Dollar Denominations
The Central Bank Of Nigeria (CBN) has said that it will sanction any Deposit Money Bank (DMB) and...
Shettima Lauds Elumelu’s Heirs Holdings’ Impact
Vice president of Nigeria, Kashim Shettima, has commended the group chairman of Heirs Holdings (HH), Tony Elumelu, for...
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 LevyÂ
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 Â
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...