BANKS

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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The Central Bank of Nigeria (CBN) has successfully auctioned $876.26 million to 26 deposit money banks (DMBs) in the latest Retail Dutch Auction System (RDAS) held on Tuesday, August 6,…
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Amidst tight security, the #EndBadGovernance protesters defied the early morning rains and took to the streets of Uyo, the Akwa Ibom State capital, armed with placards of varying…
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Major markets in Kano State were completely deserted following the ongoing #Endbadgovernance protest in the state. Commercial and business activities were put to a halt as banks,…
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A widespread global outage has forced a diverse range of businesses to go dark, including banks, airlines, telecom providers, broadcast…
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The Federal Government is set to collect over N425bn from seven banks as a one-time windfall tax on their foreign currency revaluation…
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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…
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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…
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