The Central Bank of Nigeria (CBN) has revealed that loans from commercial banks to governments at all levels is now at N26 trillion as at January....
Data show that 11 Nigerian banks in 12 months committed over N536.09 billion on salaries and wages of their staff. The figure was obtained from the...
Nigerian banks handed over N5.1 trillion in credit to private sectors players in 2021 as total credit to private sector now stands at N36.7 trillion. The...
Ten Nigerian banks reported an increase in customers deposits to N28.7 trillion in the first nine months of 2021. The amount was a 12.6 percent increase...
The Central Bank of Nigeria (CBN) on Wednesday expressed disappointment with Nigerian banks’ lack of commitment to the eNaira since President Muhammadu Buhari’s unveiling of the...
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN...
Commercial Banks across the country are reducing the thresholds for the amount individuals can spend abroad in order to avert hitches that may arise from foreign...
The Senate on Thursday commenced a probe into the reasons behind the huge difference in deposit and lending interest rates among commercial banks and other financial...
Lately, there has been an increasing push by commercial banks, struggling towards the claimed achievement of financial inclusion across 36 states of the country. This has resulted to...
Local government administrations in Nigeria would not be able to withdraw cash above N500,000 daily, from June 1, 2019, the Nigeria Financial Intelligence Unit, NFIU, has...
The Nigeria Civil Service Union, NCSU, has said that it was disturbed over the delay by the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, to beam...
The Nigerian National Petroleum Corporation (NNPC) has denied media reports alleging that the Nigeria Police Force (NPF) recovered $470.5 million and N8 billion of the corporation’s...
The Senate, on Tuesday, instructed its standing committee on Banking to invite the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, managing directors of...
Justice Chuka Obiozor of the Federal High Court in Lagos on Thursday granted an interim order for seven commercial banks in Nigeria to remit a total...
The failure of banks to stop collection of N50 from customers as stamp duty charges is threatening to set the organized private sector against some government...
An appeal at making the Central Bank of Nigeria (CBN) reduce its newly reviewed penalty on commercial banks on abuse of foreign exchange (forex) guidelines and...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
Thousands of Nigerian pensioners were denied their payments during the Yuletide period due to CBN’s misunderstanding with commercial banks over non acceptance of biometric exercise carried...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
Lack of synergy between the Central Bank of Nigeria (CBN) and other banks has stalled disbursement of the seed funds for start-ups. In its bid to...
A new directive of the Central Bank of Nigeria, CBN, has made it acceptable for deposit money banks in the country to allow customers to open...
The Central Bank of Nigeria, CBN, is working out modalities that would enable it disburse estimated N2 trillion refunds expected from the five per cent cut in Cash...
