BANKS

The Federal Government is set to collect over N425bn from seven banks as a one-time windfall tax on their foreign currency revaluation…
Read More...

The Central Bank of Nigeria (CBN) said it has sold $106.5 million to authorised dealers as it planned to boost foreing exchange supply at the official window as well as the Bureau de…
Read More...

Bank loans and support for the private sector have risen by about N30 trillion in a sustained effort that has seen the banking sector emerging as the backbone of the country’s…
Read More...

Deposit Money Banks’ borrowing from the Central Bank of Nigeria (CBN) in the first five days of July 2024 hit an all-time high of N5.38 trillion. This represents a 245 per cent…
Read More...

As the banks begin their recapitalisation exercise, analysts say the capital market investors are set for the N3.894 trillion stakes in the banks, just as the Nigerian Exchange (NGX)…
Read More...

Pressure on forex now from illicit flows – FG  The International Monetary Fund (IMF) has said there is a risk that the ongoing work by members of the legislature to amend the CBN Act…
Read More...

The Central Bank of Nigeria has published an extensive roster of authorized Deposit Money Banks functioning within the nation. The roster, disclosed on the CBN’s official website on…
Read More...

The Central Bank of Nigeria (CBN) has ordered commercial banks to suspend charges on cash deposits until September. The bank gave the directive in a circular signed by Adetona Adedeji,…
Read More...

As CBN lowers banks’ loan-to-deposit ratio to 50%   Monetary tightening by the Central Bank of Nigeria (CBN) in a bid to curb stubborn inflation is restricting lenders (commercial…
Read More...

Four of the tier-1 banks in the country, FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc and United Bank for Africa Plc have indicated plans…
Read More...