BANKS

Nigeria continues to face cash scarcity despite a significant year-on-year increase of N1.59 trillion in the amount of currency held…
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Days after the Central Bank of Nigeria ordered Deposit Money Banks to guard against artificial cash scarcity in the country, findings by…
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Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day,…
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The Central Bank of Nigeria has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange…
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A Nigerian lecturer in the United Kingdom and founder of a social enterprise, Proud To Be Me, Lola Owolabi, speaks with BABATUNDE…
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Seven banks paid N392.53bn as tax in the first half of 2024, according to an analysis of their second-quarter financial reports for the…
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The value of foreign exchange turnover via the Nigerian Autonomous Foreign Exchange Market increased to N15.74tn ($9.90bn) in August…
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The ongoing recapitalisation by banks is squeezing out manufacturers and other small businesses as they endeavour to raise fresh funds,…
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Fitch Ratings has downgraded Union Bank of Nigeria Plc’s Long-Term Issuer Default Ratings (IDR) to ‘CCC’ from ‘B-’ and its National Long-Term Rating to ‘B+(nga)’ from ‘BBB(nga). The…
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No fewer than 151 commercial banks, microfinance institutions, among others, have submitted the Expression of Interest (EOI) for credit disbursement from  Nigeria Consumer Credit…
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