FCMB Secures $50m Credit Facility from IFC to Support Businesses FCMB Group Plc during the weekend secured a $50 million or N20 billion loan from the...
Access Bank Refunds ‘Stamp Duty Charge’ Following Outcry Access Bank Plc on Sunday refunded the already debited Stamp Duty Charge following customers’ outcry. Earlier this week,...
Deposit Money Banks to Restructure 33% of Loans The Central Bank of Nigeria has said the deposit money banks will restructure over one-third of the nation’s...
Central Bank Debits Deposit Money Banks Another N216 Billion for Missing CRR Target The Central Bank of Nigeria (CBN) has debited Nigerian banks a total sum of...
CBN Debits N459.7bn from 26 Banks For Failing to Meet CRR Target The Central Bank of Nigeria has continued to enforce its 27.5 percent Cash Reserve...
Account Maintenance Fees: Zenith Bank, GTBank, Others Generate N18.4bn in Q1 2020 Banks’ customers paid a combined N18.4 billion as account maintenance fees to the nation’s...
COVID-19: IMF Encourages Banks to Suspend Dividend Payments to Mitigate Risks The Managing Director, International Monetary Fund, Kristalina Georgieva, has advised commercial banks to suspend dividend...
Heritage Bank Resumes Forex Sales to SMEs, to Disburse N100bn Loan Heritage Bank has resumed the sale of foreign exchange to Small and Medium Enterprises and...
UBA Joins Zenith, GTB to Cap International Card Spending Limits The United Bank for Africa on Sunday announced it has reduced international spending limits on its...
Borrowers Groan as MfBs Demand Loan Repayment Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking industry, which some...