SVB Financial Group‘s recent failure has been making headlines as the largest bank to fail since the 2008 financial crisis. The reason for SVB’s failure was...
The Central Bank of Nigeria, CBN has officially declared its alliance with the Supreme Court judgement on the recirculation of the old N500 and N1000 notes...
According to recent data from the Nigeria Interbank Settlement System (NIBSS), the value of E-payment transactions in Nigeria fell to N37.67 trillion in February 2023, a...
In the midst of the confusion surrounding payment and rejection of old notes by banks, Anambra State governor, Chukwuma Soludo has revealed that the Central Bank...
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...
