Tag
BANKS
News and analysis about banks
The Nigeria Inter-Bank Settlement System (NIBSS) has accused Nigerian banks and fintechs of flouting the Central Bank of...
Frustrations continue to rise among Nigerians as they face persistent challenges accessing cash due to limits on ATM withdrawals and Point-of-Sale (POS) operations.
Interest rates affect everything—from the cost of loans to the returns on your savings. But what determines these...
The impending disconnection of Unstructured Supplementary Service Data (USSD) of nine commercial banks may not happen as the...
The Federal Ministry of Finance has allocated N75 million in its proposed 2025 budget to monitor the activities of banks and other financial institutions under its Home Finance Division.
The Central Bank of Nigeria (CBN) has given the green light to commercial, merchant, and non-interest banks operating in Nigeria to trade with tradeable foreign currencies deposited in dorm accounts created under the foreign currency disclosure, deposit, repatriation, and investment scheme which were not invested immediately.
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of high interest rate and inflation in the country.
The Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024 to March 31, 2025.
Tax and Advisory Service firm, PricewaterhouseCoopers (PwC) has stated that the federal government’s latest legislation to tax already reported profits of banks in 2023 could deter future investments into the country.
Bank traders account for 92% of all Forex trading activity.
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in development finance activities to a combination of private banks and Development Finance Institutions (DFIs).
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts owned by various individuals and companies allegedly involved in illegal foreign exchange transactions.