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...
As of March 9, 2023, the dollar to naira exchange rate is 1 USD to 752 NGN at the black market. This means that for every...
The Central Bank of Nigeria (CBN) has reacted to the recent poor rating of the International Monetary Fund (IMF) on the Anchor Borrowers’ Programme, faulting its...
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...
The International Monetary Fund (IMF) says agricultural loans offered have not significantly improved production and the Nigerian economy. This is as the IMF revealed that only...