On Friday, the U.S. Federal Deposit Insurance Corp. (FDIC) announced Silicon Valley Bank (SVB) has been shut down following a series of financial challenges, making it...
Following the Supreme Court judgement, some commercial banks including Access Bank and GTB have started paying out old N500 and N1,000 notes to customers. Bank customers...
In accordance with the new directive of the Central Bank of Nigeria (CBN) that recently capped the cumulative tenure of bank executives at 20 years across...
According to a document by the Monetary Policy Committee of the Central Bank of Nigeria, Deposit Money Banks in Nigeria offered 130,854 new credits worth N947.46bn...
Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced that Jeremy Awori has officially taken up the role of Chief Executive Officer,...
The figures revealed that the industry's total assets grew by 24.24% or N14.36tn, rising from N59.24tn in December 2021 to N73.59tn during the corresponding period in...
As part of its resolve to increase electronic payment and curb money laundering in Nigeria, Banks will begin the implementation of a no cash withdrawal directive...
The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of Executive Management and Non-executive Directors (NEDs) of deposit money banks (DMB)...
Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
Once again, protests have erupted in Nigeria over the lingering scarcity of the Naira, the country’s official currency. This time, videos circulating on social media show...