CBN Debits Deposit Money Banks N118bn for Not Meeting CRR Target The Central Bank of Nigeria (CBN) on Friday debited the nation’s deposit money banks a...
Forex Scarcity Renders Nigerian Banks Vulnerable Nigeria’s banks to experience acute funding challenges as the drop in foreign currency deposits hit a record-low following COVID-19 pandemic...
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...