CRC Introduces Credit Score Service The CRC Credit Bureau has introduced a new credit score to help assess the credit history of intended borrowers. According to...
Riby Targets 1.5 Million Unbanked Nigerians A financial technological company, Riby Finance Life Technologies Limited, trading as Riby, has said it is helping trade groups and...
CBN Approves Three New Banks The Central bank of Nigeria has granted three new banks licences to commence operation in Nigeria. The three new banks are...
Data Breach: CIBN Asks Bankers to Protect Customers The Chartered Institute of Bankers of Nigeria has said it is critical for the banking community to display...
Banks’ Profit to Suffer as CBN Bars Lenders from Bills’ Market In a bid to further compel lenders to increase credit facility to the private sector,...
With Rising Income Inequality, 100 Bank Customers Get 47% of Loan Nigerian banks have high credit concentration risk, with 47 per cent of total industry loans...
DBN Lends to All Sectors, Says MD The Managing Director, Development Bank of Nigeria, Tony Okpanachi, has said that the bank was established to provide funds...
CBN Contemplates Lowering Investment in FG Securities The Central Bank of Nigeria maybe perfecting a plan to further compel lenders to extend credit to the private...
CBN Unveils Guidelines for Accessing Standing Deposit Facility The Central Bank of Nigeria (CBN) last night introduced fresh rules for accessing its Standing Deposit Facility (SDF)....
Investors Selling Bank Stocks Ahead of LDR Implementation Investors at the Nigerian Stock Exchange have started selling their holdings of bank stocks following the announcement of...