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...
COVID-19: DBN Supports Government With N100 Million The Development Bank of Nigeria (DBN) has donated a sum of N100 million to support the fight against COVID-19...
CBN Fines First Bank, 27 Others N1.4trn to Mop up Excess Cash Holdings The Central Bank of Nigeria (CBN) has fined about 28 financial institutions a...
GTBank Suspends Interest Payment on Loans In a bid to ease the burden of the global pandemic on small businesses, Guaranty Trust Bank Plc has announced...