TAG: BANKS

In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


The Bancassurance Model Is A Big Boost For Insurance Firms

Nairametrics| Commissioner of Insurance and head of the National Insurance Commission (Naicom) Alhaji Mohammed Kari at a training workshop in...


NDIC Reports N53 billion Surplus, More Profitable Than Some Banks

Nairametrics| While some banks are experiencing decline in profits, and losses the National Deposit Insurance Corporation (NDIC) appears to...



Banks Are Borrowing Money From CBN To Buy FX

Nairametrics|Since the introduction of the new foreign exchange policy, there has been a marked drop in the exchange rate...


CBN Revises Cash-less Policy; Introduces New Charges For Deposits & Withdrawals

Nairametrics| The Central Bank Of Nigeria (CBN) today released a circular revising its cash-less policy. The policy becomes effective...


E-Payment Transactions In Nigerian Banks Increased By 23% in 2016 Q3

The National Bureau of Statistics released the report of  electronic payment channels in the Nigeria banking sector Q3 2016....



DEAL: Interswitch Purchases VANSO For N15 Billion

Interswitch completes deal to buyout VANSO for N15...


CBN’s Order To Banks To Sell 60% of Forex To Manufacturers Could Backfire…

The Central Bank of Nigeria has instructed commercial banks to sell about 60% of their forex to the Manufacturing...



Here Is What It Now Takes For A Bank Staff To Get Into The CBN’s Dreaded Black Book

The Central Bank of Nigeria has finally updated its operational guidelines for the blacklisting of Bank Staffs involved in...


Why Banks Are Sending Customers Emails With New Daily Forex Withdrawals Limit

Nigerians were inundated with messaged from their banks informing them of limits to foreign denominated transactions. Some messages read...


List Of Banks That Meet CBN’s Criteria For Primary Market Dealers (FXPDs)

The Central Bank revealed guidelines for its new flexible exchange rate policy on Wednesday following the press conference by...


It’s Official: CBN Floats The Naira, The Implications For You And I

The Central Bank Governor has just announced a full float of the Naira in a press conference in Abuja....


CBN’s Updated List Of Banks In Nigeria Includes Two New Banks

The Central Bank of Nigeria has just released its updated official list of all Deposit Money Banks in Nigeria....


It’s Now Five Years Since He Died

One of the best bankers of our...


Emefiele Set To Discuss ‘Mass Sacking’ With Bank CEO’s When They Meet Thursday

The Central Bank Governor, Mr. Godwin Emefiele is expected to meet with the Managing Directors and Chief Executive Officers...



Is The Banking Committe Finally Giving Up?

The Banking Committee in Nigeria have threatened to withdraw from funding the payment of school fees abroad, Thisday reports....


BVN: Enroll Customers Indefinitely, CBN Instructs Banks

Bank customers do no longer need to panic over deadlines as it affects the Bank Verification Number (BVN) registration....


CBN Bars Foreign Firms From Printing Cheques For Nigerian Banks

The Central Bank of Nigeria, CBN, has denied accreditation to foreign printers who hitherto printed cheque books for some...


Have You Been Missing? This Chart Shows Deposit Rates Have Been Going Up

The Central Bank of Nigeria has for years been trying to bridge the gap between lending and deposit rates....


Meaning Of Capital Adequacy Ratio As Defined By The Central Bank Of Nigeria

Capital Adequacy Ratio (CAR) is basically the proportion of the bank’s tier 1& tier 2 equity (Qualifying capital or...


Official: The CBN Will Approve Your Employment Letter Before You Join Any Bank

The Central Bank of Nigeria has released a directive to banks mandating them to seek prior approval before recruitment...


75% CRR: These Are The 4 Axis Of Evil Threatening The Economy And Why CBN Had To Go All Gunz Blazing

The CBN in its latest MPC meeting raised its Cash Reserve Requirements on public sector funds from 50% to...


The Banking Industry May Face Liquidity Crisis Should This Happen…

Hold on, relax and catch a breath. This by no means is not a cause for alarm but still...


CBN: These Are The Banks That Have Been Designated “Too Big To Fail”

According to Thisday; The Central Bank of Nigeria (CBN) has designated First Bank of Nigeria Limited, Guaranty Trust Bank...


Investor Watch: 8 Nigerian Banks Lend Total Plc $7.5billion

Guaranty Trust Bank Plc, Ecobank Nigeria, Zenith Bank, Diamond Bank, United Bank for Africa, Standard Chartered Bank, Access Bank...


Banking Stocks Fall as Investors Await Outcome of MPC Meeting.

Ok…is this why banking stocks have been down all week despite the tapering fiasco? Well, lets wait and see....


CRR: Banks Now Lend To Each Other At 44% Interest Rate

This is certainly not a very good period for Nigerian banks. According to Thisday inter bank rates have increased...