NDIC liquidates 500 PMIs, microfinance banks

The Nigeria Deposit Insurance Corporation says it has liquidated at least 500 deposit money, microfinance, and…

CBN fines four banks N1.93bn in H1, may revoke Fx license

For various market infractions of which foreign exchange malpractice is prevalent, four banks have paid N1.93…

CBN orders banks to publish names, BVN of forex defaulters

The Central Bank of Nigeria has ordered banks publish names of customers who try to break…

Investigate your customers’ source of income, EFCC tells banks

The Economic and Financial Crimes Commission (EFCC) has asked banks to investigate the source of income…

EFCC asks banks to report fraudulent election financing, forex malpractices

Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate…

CBN directs banks to set up teller points for forex sales

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller…

Banks now owe telecoms firms N47bn in USSD bills

The total debts owed by banks to telecommunications service providers arising from the use of Unstructured…

Late to Fintech boom, Nigerian banks turn to regulators for help

Nigerian banks’ dominance of their home turf is virtually unparalleled. Largely protected by regulators from foreign…

Zenith Bank, others exposure to Oil & Gas rises 14% to N3.34trn

Huge banking sector credit totalling N3.34 trillion from seven banks got to the downstream unit of the oil and…

Food import duties, banks’ profit to fund agric sector according to new senate bill

The Senate has passed a bill for an act to establish the National Agricultural Development Fund…

42% of workers in Nigerian banks contract staff – NBS

Two out of every five people working in Nigerian banks are contract staff, analysis of data…

Banks offer youths N2bn agric loans at 5% interest

The Central Bank of Nigeria (CBN) has authorised commercial banks to give up to N2 billion…

Banks, other financial institutions to join scheduled NLC strike

The National Union of Banks, Insurance and Financial Institution Employees (NUBIFIE) has urged all its members…

CBN unlocks N19.3trn credit from banks to private sector

As a result of the implementation of the Loan to Deposit Ratio Policy, credit provided by…

Why Nigerian banks are in dilemma over lending

The economic downturn in Nigeria is forcing the country’s lenders to rewrite their business plans. The…

Increase agriculture lending to 10%, CBN tells banks

  The Governor of the Central Bank of Nigeria, Godwin Emefiele, has urged banks to raise…

USSD: Banks owe Telcos N17bn, says Danbatta

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has…

Liquidity mop up: CBN imposes fresh N118bn CRR debits on banks

The Central Bank of Nigeria on Friday debited the accounts of many banks in Nigeria in…

Banks, ATMs to function during lockdown, says Finance Minister

The Finance Minister, Mrs. Zainab Ahmed, clarified on Monday that President Muhammadu Buhari has allowed skeletal…

Staff strength of Nigerian banks reduce by 2,929 in three months

Even as the Nigerian government continued to promise to reduce unemployment, the workforce of Deposit Money…

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