IFRS 9 Transition Hurting Banks’ Capital Bases, Says Report The ongoing transaction to International Financial Reporting Standard (IFRS 9) by commercial banks is affecting many lenders’...
RMAFC to Order Probe of Banks Over Stamp Duty Plans have reached advanced stage for the Revenue Mobilisation Allocation and Fiscal Commission to authorise a forensic...
Bad Debts: CBN Plans Tougher Bank Capital Rules The Central Bank of Nigeria plans to introduce fresh capital rules in the second quarter of this year,...
CBN to Fine Banks for Paying Counterfeit Banknotes The Central Bank of Nigeria has imposed a penal fee of N1m on each branch of Deposit Money...
Heritage Bank Eyes Fresh Capital Injection The Managing Director/Chief Executive Officer of Heritage Bank, Mr Ifie Sekibo, has disclosed that the bank is anticipating fresh capital...
Banks to Lose 18-month Interest on Marketers’ Subsidy Debts The Central Bank of Nigeria has asked Deposit Money Banks to forgo the interest charged on petrol...
Banks’ Profits to Drop Over Weak Loan Demand Banks are unlikely to post large profits this year due to weak loan demand and poor economic growth,...
Include us in Merger Process, Shareholders Tell Diamond Bank Diamond Bank Plc shareholders on Monday expressed mixed reactions to the news of its merger with Access...
NEXIM Bank to Disburse $1bn to Nigerian Exporters, Others The Nigerian Export-Import Bank has entered into a $1bn trade facilitation pact with the African Export-Import Bank...
Access Close to Acquiring Diamond Bank There are indications that Access Bank Group is close to acquiring Diamond Bank Plc. A senior official of Access Bank,...