BANKS

In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making…
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Twelve banks will be unable to utilise about N4.8tn in retained earnings in their coffers to strengthen their capital base in line with the new Central Bank of…
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About 26 banks will need to raise about N3.972tn in the next 24 months to be able to meet the capital base threshold set by the Central Bank of Nigeria. The…
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The Central Bank of Nigeria is set to closely monitor the Nigerian banking sector’s recapitalisation alongside law enforcement agencies. This move is intended…
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Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks for improved productivity, the Central Bank of Nigeria has…
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The House of Representatives has berated the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), commercial banks and other financial institutions over alleged…
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The Central Bank of Nigeria has announced the increment of the capital base for commercial banks with international authorisation to N500bn and national banks…
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The Central Bank of Nigeria (CBN) has pegged the minimum capital base for commercial banks with international authorisation at N500 billion. In a circular signed by the Director,…
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• CBN implements Deloitte FX audit report, EFCC may summon CEOs over $2.4bn invalid requests • Several FX requests fraudulent, made with invalid, illegal…
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Some businesses under the aegis of the Organised Private Sector of Nigeria are considering taking legal action against some commercial banks for not honouring…
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