CBN Plans to Raise LDR to 70% In a bid to further stimulate growth and compel deposit money banks to increase credit facility to private sector,...
Standard Chartered Unveils Burna Boy as Ambassador Standard Chartered Bank has unveiled Damini Ogulu, popularly known as Burna Boy as its digital bank ambassador. According to...
Banks’ Staff Decreased by 2.81% in Q3, 2019 The total number of banks’ staff has started decreasing following the number of changes made by the Central...
Non-performing Loans Decline by 51% in One Year The total non-performing loans in the Nigerian banking sector declined by 50.89 percent in twelve months, the National...
Telecom Operators Demand Banks Pay for USSD Telecommunications companies are demanding payment for the Unstructured Supplementary Service Data (USSD) services they render to banks or they...
Mobile Money: Transfers Grew by 344.1% in 10 Months The volume of money transferred through mobile devices rose by 344.1 percent in 10 months, data from...
Total Assets in the Banking Sector to Hit N44.2trn The total assets within the Nigerian banking sector may hit N44.2 trillion by the end of the...
MSCI to Delist FBN Holdings, Ecobank MSCI, a global provider of financial instruments and multi-asset portfolio analysis tools, will delist two of Nigerian listed financial institutions...
Six Banks Realised N675.9bn Non-interest Income in 9 Months Numerous charges imposed on banks’ customers bolstered Deposit Money Banks’ non-interest income in the first nine months...
First Bank’s Firstmonie Hits 500,000 Daily Transactions The volume of transactions processed daily by Firstmonie network rose to over 500,000 per day, according to the owner,...