The number of commercial banks in Nigeria is set to reduce following the Central Bank of Nigeria drive to ensure banks meet its capital requirements before 2026.
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N5m for each depositor: What customers of Heritage bank can get as CBN revokes licence
The license of Heritage Bank Plc has been terminated, effective immediately, according to a recent announcement from the Central Bank of Nigeria (CBN).
NDIC sends message to Heritage Bank customers as ATM, app stopped working after CBN revoked license
The Nigeria Deposit Insurance Corporation (NDIC) has a message for customers of Heritage bank as Central Bank of Nigeria revokes banking license.
CBN revokes banking license of Heritage Bank, gives reasons
The Central Bank of Nigeria has decided to revoke the license of Heritage Bank, citing various issues and breaches to Banks and Other Financial Institutions Act.
Naira depreciates against US dollar in official market, BDC traders give new exchange rate
The Nigerian currency, the naira, has ended the month with another loss, continuing to erode the gains recorded in previous months in the foreign exchange market.
“Apply with the link”: First bank announces job vacancy, invites qualified Nigerians to submit CV
First Bank has announced new openings for Nigerian graduates, giving them a unique opportunity to kick off their banking career and secure a permanent job.
Imported items to get cheaper as FG committee proposes new custom import duty rate to clear goods
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended to the Central Bank of Nigeria the ideal dollar exchange rate for customs duty.
No more N1,523/£: British Pound sells for new rate after naira dip in 24 hours
The local currency fell significantly on Thursday, May 29, closing at N1,877/£, from N1,524/£ the day before, according to data seen on the CBN website.
Elon Musk, Jeff Bezos amongst top 10 everyone wants to know about
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Naira crashes by N155/$ as dollar supply falls by 30% in official markets
Latest data from FMDQ Securities showed the naira closed at N1484.75 to the dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM), continuing its fall.
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