As the scarcity of new naira notes bites harder in Nigeria, more Deposit Money Banks (DMBs) have reportedly issued old N500 and N1000 notes to their...
On Friday, the U.S. Federal Deposit Insurance Corp. (FDIC) announced Silicon Valley Bank (SVB) has been shut down following a series of financial challenges, making it...
The Central Bank of Nigeria, CBN has released strict directives for the operation of open banking system in Nigeria. According to the CBN, the new guidelines...
According to a document by the Monetary Policy Committee of the Central Bank of Nigeria, Deposit Money Banks in Nigeria offered 130,854 new credits worth N947.46bn...
Dr. Adaora Umeoji, the Deputy Managing Director of Zenith Bank Plc, has retired from the bank following the new tenure limits.
In a bid to strengthen its capital base and increase lending to Nigerian Small and Medium Enterprises (SMEs), Wema Bank Plc has announced the issuance of...
Nigeria’s leading financial institution, Zenith Bank Plc has received approval in principle to operate a non-operating Financial Holding Company structure. The bank disclosed this in a...
The figures revealed that the industry's total assets grew by 24.24% or N14.36tn, rising from N59.24tn in December 2021 to N73.59tn during the corresponding period in...
The latest data from the Central Bank of Nigeria (CBN) has indicated that bank loans to the private sector have grown to N42.25tn as at the...
As part of its resolve to increase electronic payment and curb money laundering in Nigeria, Banks will begin the implementation of a no cash withdrawal directive...
