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...
Abbey Mortgage Bank, one of Nigeria’s leading mortgage institutions in Nigeria, has been named the innovative mortgage bank of the year in the just concluded African...
The banking industry saw a 13.6 percent MoM (month on month) increase in bad loans to N2.76 trillion in August 2021, and the Central Bank of...
The South East Amalgamated Markets Traders Association, known as SEAMATA has sent a cry for help to the Central Bank of Nigeria over multiple, indiscriminate charges...
In the last three years, commercial banks in Nigeria have disbursed over N7 trillion in loans and advances to their customers, a feat which the Central...
Unity Bank Plc grew gross earnings by 8 percent despite COVID-19 and other headwinds that hurt the profitability of most businesses in the first nine months...
The finance and insurance sector that comprises of both the financial institutions and insurance subsectors grew by 5.91 percent year-on-year in nominal terms in the third...