Telecoms company, MTN Nigeria, has agreed to return to the old percentage for commission on Unstructured Supplementary Service Data (USSD) to Nigerian bank, after a meeting...
Nigerian banks got the most from their employees in 2020, on the back of adopting new technologies. Ripples Nigeria analysis of financial statements of eight commercial...
On the back of rising electronic transactions, bank customers recorded a loss of N5.02 billion between January and September 2020 in 41,979 fraud-related incidences representing 91...
The capital inflow to the financial sector in 2020 Full Year was largely dominated by foreign-owned banks, with Nigerian-owned banks playing second fiddle in the quest...
Out of 25 Nigerian banks that competed for capital importation, five banks recorded zero investment from foreign investors. Nigeria’s financial institutions recorded $9.68 billion in 2020....
Ten Nigerian banks lend N14.36 trillion to retail and corporate customers in nine months 2020, with nine banks increasing their loans to both segment of customers,...
As Nigerian banks struggle to avoid the Central Bank of Nigeria (CBN) sanction relating to low Loan to Deposit Ratio (LDR) they CBN is not bothered...
Nigerian banks have declared the commencement of a new cheque policy set in motion by a Central Bank of Nigeria (CBN) directive, that demands the incorporation...
Nigerian banks borrowed the sum of N1.7 trillion from the Central Bank of Nigeria (CBN) in the three months to September 2020, data obtained from the...
The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion...
The Nigerian Senate has moved to empower Nigerian banks with a bill seeking to recover loans from defaulters, place them on watchlist and ultimately blacklist them...
Nigerian banks are in danger of recording weak earnings this year as the coronavirus pandemic weighs on operations, investment banking firm Afrinvest Securities Limited said on...
Nigerian banks foraying into new markets across Africa or branching out into other financial services will be more protected from headwinds than they were in the...
Twenty-three per cent of banks’ loan portfolio might put the asset quality and future profitability of the sector in limbo, credit rating agency, Agusto & Co...
Nigerian banks face a foreign exchange funding gap that could reach up to $5 billion on account of currency shortages from dwindling oil revenue, poor remittances...
Nigerian banks are on the verge of restructuring more than a third of their entire loan portfolio after encountering repayment troubles on account of the coronavirus...
Nigerian banks recorded total Non-Performing Loans (NPL) of N1.05 trillion at Full Year 2019 compared to the N1.79 trillion posted in the corresponding period of 2018,...
Nigerian banks remain stable despite the country’s negative rating by the global credit rating agency, Moody’s, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday. The...
The integrity of the Nigerian banking system may have been strengthened given a reduction witnessed in the percentage of non-performing loans. Figures from Nigeria Bureau of...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Monday said his second term would witness the recapitalisation of the banking system. Emefiele made the...
Dear Mr. Godwin Emefiele I congratulate you on your re-appointment as Governor of the Central Bank of Nigeria (CBN) for a second term. This appointment, I...
MTN Nigeria Communications Plc has signed a medium term N200 billion loan facility with seven Nigerian banks for a period of seven years. Speaking at the...
Nigerian banks borrowed N764.32bn from the total pension funds under the Contributory Pension Scheme as of the end of September this year. Figures obtained by The...
AVERSION for credit risk may have begun to take more serious toll on top banks in Nigeria, otherwise referred to as tier-1 banks. Consequently, despite massive...
The Nigerian Senate In Wednesday, passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charges being deducted...
Fitch rating agency on Thursday noted that profits of Nigerian Banks may drop in 2018 owing to reduced borrowing from government in form of Treasury Bills....
Relations of dead bank account owners not linked to Bank Verification Number (BVN) have expressed concerns over the Federal Government’s order to forfeit the monies in...
Banks were gripped yesterday by the fear of a major liquidity crisis should the government pull out funds belonging to customers without Bank Verification Number (BVN)....
All commercial banks in the country used by operatives of the now collapsed ponzi scheme popularly known as MMM (Mavrodi Mondial Movement), will soon be exposed...
Though the Nigerian banking system posted fairy good financial results for 2016, despite the recession and other operating harsh conditions, its risk rose the highest in...
The board of directors and management of Zenith Bank on Wednesday stepped down the consideration for a new capital raising by the bank, putting a lid...
One of the international rating agencies, Fitch Ratings, has lowered the rating of the Nigerian-based Bank of Industry (BOI) from B+ to B category. In the...
Banks have foreclosed further lending to importers and marketers of petroleum product in Nigeria, New Telegraph has learnt. This is coming at a time when the...
The Nigerian Development Insurance Corporation (NDIC) has expressed fears that a number of banks in the country may not survive the economic recession presently hitting the...
The Presidency may have authorized the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to constitute an audit panel to probe the accounts of all 23 banks...
Some banks in Nigeria have begun the process of revamping and shoring up their capital base following a recent downgrade in rating by an international rating...
A leading rating agency, Fitch Ratings, has downgraded nine Nigerian banks from B+ to B- on the grounds of their inability to raise their credit base...
In desperation to fight scarcity of dollars, Nigerian banks have placed indefinite suspension on depositors’ use of automated teller machine (ATM) card and online services in...
The Central Bank of Nigeria (CBN) has thrown more light on why it suspended 19 banks from selling dollar realised from international money transfer services to Bureau De Change in Nigeria. Proceeds from cash transfer through licensed international agencies, like Western Union, Money Gram,...
Bank workers in the country may be in for a better deal over the security of their jobs as the e Bankers Committee, Wednesday stopped retrenchment...
The Nigeria banking sector suffered more than 50 percent loss in its overnight interbank lending rate on Friday as a result of maturity of Central Bank...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency may soon regain some lost grounds against...
Nigeria’s overnight interbank rate eased on Friday to around 3.5 percent from 5 percent last week, even though liquidity in the system fell as banks set...
There is growing apprehension in the Nigeria’s banking sector, over reports of impending mass sack by banks in the country. According to reports, bank workers are...
In from Ali Smart… 12 Nigerian banks have emerged among top 20 African banks on the African continent. This was the outcome of a survey conducted...
Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDRs) of 10 Nigerian banks. They are Zenith Bank Plc, FBN Holdings Plc and its subsidiary, First...
Nigerian banks are pulling back from internationally syndicated dollar loans as falling oil prices and new regulation introduced by the Central Bank of Nigeria (CBN) late...
