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...
Weak Economic Activities May Force Banks to Cut Lending Weak economic activities due to lockdown in key states could prevent banks from lending money to the...
Access Bank Launches First Debit/Credit Card Access bank plc, one of Nigeria’s top financial institutions, has launched a Dual Transaction Services (DTS), an enhanced debit card...
Dollar Scarcity: Banks Cap Oversea’s Spending Limits Nigeria’s Deposit Money Banks (DMBs) have started lowering foreign spending limits on a customer’s naira-denominated card as the coronavirus...
COVID-19: CBN Halts Cheques Clearance Indefinitely The Central Bank of Nigeria (CBN) on Monday announced from March 31, 2020 it will no longer clear cheque instruments...
Fidelity Bank to Halt Operations in Lagos, FCT, Ogun today Due to the rising number of confirmed cases in Lagos, Abuja and Ogun States, the management...
Banks Extended Stamp Duty Charges to Savings Accounts The Deposit Money Banks (DMBs) have extended stamp duty charges to savings accounts following the introduction of the...
Banks Grow Foreign Assets to N14.19trn -CBN The Central Bank of Nigeria (CBN) has said the total net assets of Nigerian banks abroad rose slightly to...