Nigerian banks invest additional N1.55 trillion in Treasury Bills in one year
The treasury bills rate has witnessed a significant increase in recent times on the back of multiple MPR upward adjustments ...
Tag: Deposit Money Banks
NDIC denies sale of Polaris Bank to Babangida’s son-in-law, insists all Nigerian banks are safe
The reaction from NDIC follows recent media reports that Polaris Bank has been secretly sold to a new investor.
CBN says foreign currency deposit by banks reduced significantly in 2020
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money ...
Difference between a Payment Service Banks (PSB) and Deposit Money Banks (DMBs)
The Central Bank of Nigeria issued an approval in principle to two of the nation’s largest telecommunication firms, MTN Nigeria ...
We have dollars – Nigerian banks tell customers
Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to ...
CBN increases forex allocations to banks for SMEs, tuition fees, travellers
The CBN has announced an increase in the amount of foreign exchange allocated to banks to meet the requests of ...
Patricia Technologies announces a new home for her non-crypto products and services on Glover Exchange
Patricia introduces Glover Exchange as the new entity responsible for the day-to-day operations of its Gift cards, Airtime2Cash, and refill ...
Analysing the Central Bank of Nigeria’s Dollar Remittance Policy
Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in ...
Despite CRR debits, Nigerian Banks record higher net interest income
Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.
Fidelity Bank Plc must cover the chink in its curtains to keep rising
Fidelity Bank Plc follows the narrative of top tier-2 banks, which have had better or easier years.
