Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that Jeremy Awori has officially taken up the role of Chief Executive Officer,...
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...
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...
The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of Executive Management and Non-executive Directors (NEDs) of deposit money banks (DMB)...
Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
Once again, protests have erupted in Nigeria over the lingering scarcity of the Naira, the country’s official currency. This time, videos circulating on social media show...
This scarcity of foreign currency may lead to payment delays, which could potentially constrain the banks' ability to repay their own foreign currency liabilities.
One of the challenges confronting the cashless policy of the Federal Government is the dearth of software engineers at the money deposit institutions to fix complaints...
The Central Bank of Nigeria (CBN) has ordered the freeze of accounts related to Abdul Rehman Makki, a Pakistani linked to a terror group, Al-Qeada, by...
More startling discoveries have continued to rattle Nigeria’s banking sector following scarcity of the new naira notes. In some parts of the country, some senior officials...