Two of Nigeria’s prominent foreign owned banks face daunting capital raising requirement following the new recapitalization directive of the CBN.
Read moreThe Central Bank of Nigeria (CBN), alongside law enforcement agencies, will closely monitor the Nigerian banking sector's recapitalization efforts to...
Read moreBankers are voicing opposition to the Central Bank’s decision to omit retained earnings from the minimum share capital calculation in...
Read moreThe CBN also stated that all banks are required to meet the minimum capital requirement within 24 months commencing from...
Read moreThe government is expanding the net on transactions covered by the stamp duty charges from regular bank transfers to foreign...
Read moreAccess Holdings, one of Nigeria's leading financial institutions, has announced plans to raise a staggering N365 billion (Three Hundred and...
Read more15,000 Ethiopians willingly return money withdrawn or transferred during system glitch in Ethiopia's largest commercial bank
Read moreNFIU has disclosed that IPOB raised over $160,000 through monthly dues and crowdfunding efforts.
Read moreThe Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite actions on the increase...
Read moreLaw enforcement agencies are currently investigating a series of invalid foreign exchange transactions valued at $2.4 billion, according to Yemi...
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