Nigerian banks have recorded N21 trillion in deposits during the first quarter of 2024, according to the Central Bank of Nigeria (CBN). Over the past 15...
Access Holdings Plc, a leading financial institution, has recently vested approximately 23.81 million shares valued at over N420 million to its directors. The share vesting process,...
Stanbic IBTC Holdings, one of Nigeria’s leading financial institutions, is set to raise a total of N550 billion through a combination of debt issuance and a...
Changes in the economic landscape following fuel subsidy removal and escalating living costs have bolstered Nigerian banks’ personnel expenses by N589.88 billion in the first nine...
In a strategic move to adhere to the Central Bank of Nigeria’s (CBN) regulatory requirements, the country’s Deposit Money Banks (DMBs) and merchant banks have collectively...
Impressive Recoveries and Asset Realizations Lead to Substantial Payout
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
Non-Compliance with Audited Financial Statements and Quarterly Reports Submission Results in Penalties
The directive requires these institutions to intensify their monitoring of transactions involving businesses and individuals from Cameroon, Croatia, and Vietnam.
In a startling revelation, several prominent Nigerian banks have found themselves in the crosshairs of regulatory authorities, facing hefty penalties for various violations during the year...