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.
Money
Most viewed
Popular
-
Zenith Bank set to open branches in another African country
-
Oracle’s Larry Ellison briefly dethrones Elon Musk as world’s richest man
-
Pastor Jerry Eze's YouTube earnings hit N2 billion, emerges richest content creator in Nigeria
-
Nigerian bank invites students to apply for its scholarship, deadline nears
-
CSO alleges NUPENG sabotaging Dangote Refinery, worsening hardship
Money Latest News
Full list: Breakdown of funds Access, UBA, GTB, others need to meet CBN’s new minimum capital base
Nigerian banks, including commercial, merchant and non-interest banks will have to face the uphill task of meeting the new CBN capital requirements.
Canadian province begins allocation of international student applications to fill labour shortages
The Canadian province of Ontario has said it is giving priority to international students in allocating study permits to fill labour shortages in the province
Nigerians refuse to pay N261 billion COVID-19 loans owed to CBN
Some Nigerians who benefited from the CBN and NMfB targeted credit facility (TCF) have failed to pay N261.07 billion out of N419.42 billion given out.
CBN announces over $1.5 billion forex inflow into Nigeria
The Central Bank of Nigeria has announced a substantial increase in forex inflow of over $1.5 billion in a big boost to the good performance of the naira.
After buying another bank, Access signs new deal to boost remittance in Africa
Access Holdings, the parent company of Access Bank, has formed a partnership with Coronation Group, Safaricom Plc and M-PESA Africa to boost regional remittance.
Sources explain why Dangote Refinery missed timeline to supply products, give condition to sell
There are signs that the 650,000 barrels per day Dangote Refinery may not have been able to reach its maximum capacity due to a lack of crude oil.
15,000 customers return $11 million "free cash" gotten during bank's system glitch
Ethiopia's biggest bank, Commercial Bank of Ethiopia, has successfully recovered most of the funds it lost to customers during a technical glitch.
CBN governor speaks on regulating cryptocurrency in Nigeria as FG searches for Binance executive
Olayemi Cardoso, Governor of the Central Bank of Nigeria, has provided clarification on regulating cryptocurrency in Nigeria amid government clampdown on Binance.
Naira rises over 100 basis points against dollar as CBN announces changes to savings account
The naira strengthened by 1.78% to settle at N1,382.95 to the dollar on Monday, according to FMDQ statistics, from its previous closing of N1,408.04/$1.
Money
Load more