The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.
Nigerian Banks have taken to their media spaces to air their previously ignored innovations.
The OCC in America announced that it was working with banks and crypto firms on improving the technological cooperation in the financial system.
Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
Nigerian banks did well to keep costs low in 2019, according to information gleaned from some of their financial statements that have been released.
At the end of the first MPC meeting for the year, which was concluded on 24 January, the committee decided to hike the CRR by 5%...
The FUGAZ attracted a huge volume of trades on the floor of the stock market as they traded in 147.32 million shares at N2.68 billion.
The stock market continued its trend of positive performance today as the All share index gained 0.74% to close at 29,633.58 index points
Commercial banks in Nigeria are set to begin the recovery of N6.125 trillion borrowed to oil firms in a bid to braze themselves for recapitalisation.
Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 trillion borrowed in 2018.
