First City Monument Bank Limited and Diamond Bank Plc are planning to raise fresh capital to boost their capital ratios. While the FCMB is targetting N10bn...
The nation’s external reserves fell marginally to $26.20bn on July 28, down from $26.32 on July 22, data from the Central Bank of Nigeria’s website showed...
The Central Bank of Nigeria on Tuesday released four new guidelines for the banking industry, top of which was an approval for bank customers to make...
Saudi Arabia’s central bank offered lenders short-term loans in late June to help ease liquidity constraints, according to five people familiar with the matter. The Saudi...
Skye Bank Plc has received over N100bn in liquidity from the Central Bank of Nigeria since July 4 to shore up its operations, its new Managing...
Nigerian banks are likely to face more challenges as the nation’s benchmark interest rate continues to rise, global credit rating agency, Fitch Ratings, has said. The...
The Africa Development Bank, (AfDB), has announced plans to commence a youth empowerment programme in the 36 states of the federation. The programme is to gulp...
Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest...
The Central Bank of Nigeria on Tuesday raised interest rates to lure investors to the economy. The Monetary policy rate (MPR) was increased from 12 percent to...
The Nigerian Naira on Thursday weakened to an all-time low of N330.50 against the US dollar, following the Central Bank decision to abandon fix exchange rate....
