Banking
New capital requirement will boost financial inclusion — Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the new capital requirement for banks operating in...
NDIC to auction Heritage Bank’s landed assets December
The Nigeria Deposit Insurance Corporation (NDIC) says it will begin the auction of landed properties and chattels belonging to the...
Fitch projects FX rate to hit N1,993/$ by 2028
Financial intelligence service provider, Fitch Solutions, has projected that the naira would slide to as low as N1,993 per dollar...
CBN says banks to trade with FX deposits
Central Bank of Nigeria (CBN) has banks are at liberty to trade with the forex deposits, particularly by participants in...
Naira depreciates by 0.6% against dollar
The Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar. Data from the FMDQ Exchange’s...
Banks credit to gov’t hits N42 trillion in Sept — CBN
The Central Bank of Nigeria (CBN) has revealed that credit extended to the government by banks rose to N42.02 trillion...
Senate passes NDIC bill to safeguard bank depositors’ fund
The Senate has passed a bill to strengthen the capacity of the Nigeria Deposit Insurance Corporation’s(NDIC) to safeguard depositors fund...
CBN, IFC partner to boost local currency financing
The International Finance Cooperation (IFC), a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have...
First Bank’s system migration begins October 26
First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing...
Access bank engages customers in Kano
The management of Access Bank Plc has organized a one-day customer engagement forum to discuss and enlighten customers on the...