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As Nigerian banks intensify efforts to meet the Central Bank of Nigeria (CBN’s) new recapitalisation mandate, financial analysts have begun weighing in on the pace, implications, and long-term sustainability of …
Banks recapitalisation: Analysts assess progress, sound caution over sustainability Read More“It is said in the Holy Book that, “where your treasure is, there your heart will be.” Such is the renewed commitment being witnessed in Nigeria’s financial landscape today. The …
CBN’s reforms restoring confidence in banks Read More
As part of efforts to deepen Nigeria’s open banking ecosystem, the Central Bank of Nigeria (CBN) has announced ongoing work to standardise Application Programming Interfaces (APIs) across the financial services …
CBN moves to standardise APIs for seamless banks, fintechs’ integration Read More
As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) introduced time-bound measures for a small number of banks still completing their transition …
CBN affirms strength of banking sector, issues routine transitional guidance for select institutions Read More
Keystone Bank Limited’s outstanding contributions to the growth and sustainability of Nigeria’s Small and Medium Enterprises (SMEs) sector were once again recognised over the weekend, as the bank emerged as …
Keystone emerges most friendly SME Bank Read More
FirstHoldCo Plc, one of Nigeria’s leading financial institutions, has announced it is just weeks away from meeting the Central Bank of Nigeria’s (CBN) N500 billion capitalization thresh hold. The company …
FirstHoldCo set to meet CBN’s N500bn capital mandate soon – Official Read MoreMillions of Nigerians will not like to remember 2024. The economic turbulence of the year pushed well over 40 million Nigerians below poverty line. It eroded the standard of living …
Booming banks, bankrupt manufacturers Read More
Parallex Bank has reaffirmed its commitment to fostering a savings culture among Nigerians with the live draw of its Save and Win Promo in Abuja. The event, held on Thursday, …
Parallex Bank’s save and win promo thrills Abuja customers Read More
Parallex Bank has rewarded 154 customers in Uyo, Akwa Ibom State, with cash prizes, airtime, and other exciting gifts in its ongoing Save and Win Promo. The highlight of the …
Parallex Bank rewards 154 customers in Uyo Read More
A Federal High Court in Abuja on Friday ordered the temporary freezing of 21 bank accounts domiciled in some commercial banks and directed the arrest of the account holders by …
‘Money laundering’: Court temporarily freezes bank accounts, orders holders’ arrest Read More
The move by the Federal Competition and Consumer Protection Commission (FCCPC) to probe Guaranty Trust Bank (GTB), Air Peace and MTN has elicited positive reactions among customers. BENJAMIN SAMSON in …
Consumer rights’ violation: Nigerians jubilate as FG probes airlines, banks, telecoms Read MoreThe Nigeria Inter-Bank Settlement Systems (NIBSS) has reported a significant rise in mobile money transactions, revealing that licensed operators, including Palmpay, OPay, and 15 others, processed N41.5 trillion in transactions …
Opay, Palmpay, others process N41.5trn mobile money transactions Read More
The Guaranty Trust Holding Company (GTCO has described as false certain news item against its business activities, results and its management team. The bank said it would use “the full …
News reports against our business activities, results false – GTCO Read MoreAhead of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting, financial experts are calling for a pause on interest rate hikes to stabilize Nigeria’s fragile economy. The …
MPC meeting: Experts urge CBN to halt interest rate hikes as inflation eases Read More
As part of activities to mark its 75th anniversary of delivering excellent services and driving global impact, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled the UBA …
UBA unveils Time Capsule, Tribe Photo Wall Read More
In a bid to support the Central Bank of Nigeria’s recapitalisation programme towards achieving the targeted objectives, the Securities and Exchange Commission (SEC) has released its Framework on Banking Sector …
SEC issues framework on banking sector recapitalisation Read More
With the volatility in the foreign exchange market, and the knock-off effect it has had on the bank’s balance sheet, the CBN in a bid to protect the country’s financial …
Recapitalisation: Building buffers for Nigerian banks Read MoreNigeria’s economy is still writhing from the pains inflicted on it by the decision of the Central Bank of Nigeria (CBN) to redesign the naira. It will take several months …
Where are the new naira notes? Read MoreThe Central Bank of Nigeria (CBN) has described a report that it plans to phase-out the redesigned N1000, N500 and N200 naira notes as a ploy by vested interest to …
No plan to phase out redesigned naira notes – CBN Read More
The Central Bank of Nigeria (CBN) has released an exposure draft of the guidelines for change of operating licence for banks and other financial institutions (OFIs). In a circular signed …
CBN releases exposure draft for banks seeking change of operating licence Read More
Long queues being experienced in the nation’s banks in the last two months has reduced following the increase in cash payment to the customers The reduction in the number of …
Long queues disappear gradually as banks’ cash payment to customers improves Read More
Despite concerns from economists and experts regarding outstanding loans, the Central Bank of Nigeria (CBN) increased its loans to the government by N3.77 trillion during the first two months of …
CBN increases loans to FG by N3.77trn in two months Read MoreSeveral days after the Central Bank of Nigeria (CBN) ordered banks and the general public to obey the Supreme Court judgment extending the legal tender status of N500 and N1,000 …
MPR: An unnecessary hike Read MoreThe Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has has said that various cases of failed transaction on e-payment of Deposit money Banks platform are being resolved. …
CBN assures on safety of Nigerian banks Read More
“Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them” – Paul Hawken The …
Musings on new naira’s therapeutic powers Read More