Banking, Insurance and general financial services news
Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
CBN to create new office to manage dormant account funds
CAC announces guidelines for banks’ merger, recapitalization, and share increment in Nigeria
These are the largest banks in Africa based on market cap
Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list
Senate passes Finance Act amendment bill, increases banks’ windfall levy to 70%
Dormant accounts are more susceptible to fraud, CBN wants to safekeep the funds- Cardoso
Haril Global Solutions asks Court to unfreeze its N1.1 billion, cites alleged misrepresentation by EFCC, Globus
Recapitalization: Banks to spend N186 billion on IT infrastructure from offer proceeds
Inflows through IMTOs surge by 39% in Q1 2024 on CBN reforms
CPPE urges Central Bank to halt interest rate hike as MPC meets today