TAG: BANKS

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

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...


The Bancassurance Model Is A Big Boost For Insurance Firms

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...


NDIC Reports N53 billion Surplus, More Profitable Than Some Banks

NDIC Reports N53 billion Surplus, More Profitable Than Some Banks

Nairametrics| While some banks are experiencing decline in profits, and losses the National Deposit...


Banks Are Borrowing Money From CBN To Buy FX

Banks Are Borrowing Money From CBN To Buy FX

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


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

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...


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

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...



CBN Bans All Banks “Except First Bank” From Selling Forex To BDC’s; What It Means

CBN Bans All Banks “Except First Bank” From Selling Forex To BDC’s; What It Means

Is this another spanner in the...


DEAL: Interswitch Purchases VANSO For N15 Billion

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…

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...


Why CBN Banned These 9 Banks From The Forex Market 

Why CBN Banned These 9 Banks From The Forex Market 

Another flip flop in the...


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

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...


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...


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

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...


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

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...


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

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...


It’s Now Five Years Since He Died

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

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...


NEW ATTACK: Ngige Threatens Bank Licenses For Flouting His “No Sack Order”

NEW ATTACK: Ngige Threatens Bank Licenses For Flouting His “No Sack Order”

Look like we have a new CBN...


Is The Banking Committe Finally Giving Up?

Is The Banking Committe Finally Giving Up?

The Banking Committee in Nigeria have threatened to withdraw from funding the payment of...


BVN: Enroll Customers Indefinitely, CBN Instructs Banks

BVN: Enroll Customers Indefinitely, CBN Instructs Banks

Bank customers do no longer need to panic over deadlines as it affects the...


CBN Bars Foreign Firms From Printing Cheques For Nigerian Banks

CBN Bars Foreign Firms From Printing Cheques For Nigerian Banks

The Central Bank of Nigeria, CBN, has denied accreditation to foreign printers who hitherto...


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

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...


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...


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

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...


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...


The Banking Industry May Face Liquidity Crisis Should This Happen…

Hold on, relax and catch a breath. This by no means is not a...


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...


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

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

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


Banking Stocks Fall as Investors Await Outcome of MPC Meeting.

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?...


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...