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...
Despite COVID-19 Negative Impacts, CBN Continues to Charge Stamp Duty The Central Bank of Nigeria has continued to compound the burden of the Nigerian people despite...
African Banks Jump on Bonds as Risk Associated With Real Economy Surges Despite measures put in place by Central Banks in some African countries to increase...
CBN Resumes Cheque Clearance On Tuesday The Central Bank of Nigeria (CBN) on Tuesday directed all Deposit Money Banks in the country to start accepting cheques...
FG Directs Banks to Open to Public on Monday The Federal Government on Wednesday directed all Deposit Money Banks in Lagos, Ogun and Abuja to commence...
Moody’s Downgrades Outlook on Nigerian Banking Sector to Negative Moody’s Investors Service, one of the world’s leading credit ratings, has downgraded its outlook on Nigeria’s banking...