Banks’ Credit to Real Estate Sector Drop By 24% The total credit facility from commercial banks to the real estate sector declined by 24 percent to...
Experts Fault CBN’s Cashless Policy Economic and financial experts have started telling the Central Bank of Nigeria (CBN) to ease charges being levied on consumers following...
Cashless Policy: Banks to Charge 3% on Deposits The Central Bank of Nigeria on Tuesday directed all Deposit Money Banks to effect charges on deposits and...
CBN Directs DMBs to Dishonour Non-electronic Payment of Salaries, Others Payment of salaries, pensions, and taxes of public and private companies must be done through approved...
Kuda Raises $1.6m to Kick Off Online Bank in Nigeria A Nigerian digital retail bank, Kuda, just raised $1.6 million in pre-seed funding to kick-off operations...
Stanbic IBTC Introduces Educational Payment Products To Usher Students Back To School As another school year beckons, Stanbic IBTC Bank PLC, a member of Stanbic IBTC...
Loan Defaulters: Lenders to Seize Deposits in Other Banks As Nigerian banks moved towards implementing the new 60 percent loan-to-deposit ratio directive in September, lenders and...
Banks Spend N42.7bn on Foreign Software in Two Years Growing technological integration and the need to cut operational cost and improve the convenience of banks’ transactions...
Central Bank Caps Banks’ Exposure to Non-performing Loans In a bid to put a lid on banks and other financial institutions’ exposure to non-performing loans, the...
Firms, Individuals Owe Banks N15.480 Trillion The high debts in the banking sector are not just owed by businesses but also individuals, according to the recent...