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...
GTBank on Track to Meet CBN’s 60% LDR Directive -Agbaje Guaranty Trust Bank (GTB), Nigeria’s tier-I bank, has said it is on track to meet the...
Bad Loans: Power Firms Owe Over N100bn The National Bureau of Statistics put the total non-performing loans accrued to the power sector at N100.42 billion. According...
DMBs May Not Comply With CBN 60% LDR Directive Deposit Money Banks may not significantly increase credit facility to the economy as the Central Bank of...
Poor Network Service, Failed Transactions Threaten Mobile Money Poor network service and rising number of failed transactions with debits are hurting mobile money agents as operators...
CBN Warns Banks Against Forcing Insurers on Borrowers The Central Bank of Nigeria (CBN) has warned financial institutions in the country to desist from compelling borrowers...
Banks’ Stocks Drop N657bn in Market Value Weak market sentiment and uncertainty surrounding government policies have erased a total of N657 billion from the market capitalisation...
Complete list of CBN Approved Microfinance Banks in Every Single Nigerian State Investors King has compiled the names, addresses and States of all the 1022 microfinance...