Banking & Finance
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IMF Warns: Sub-Saharan Africa’s Shift to Local Banks Sparks Debt Trap Fears, Squeezes Private Investment
Washington, D.C.—Sub-Saharan African governments are increasingly relying on domestic banks to fund their national budgets, a strategy that is proving…
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Assembly Issues Vicious Warning to Banks
Osogbo, Osun State – The Osun State House of Assembly has escalated its oversight role by issuing a stern warning…
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Fourteen Nigerian Banks Meet New Capital Requirement, CBN Assures Stability
Abuja, Nigeria — The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced that 14 Nigerian banks have now met…
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CBN, NIBSS Bridge the Gap: Diaspora Nigerians Can Now Obtain BVN Remotely
ABUJA, NIGERIA – In a significant move aimed at enhancing financial inclusion and connecting with its global citizens, the Central…
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Over N1 Trillion Vanishes as in Nigeria Unregistered Crypto Platform CBEX Collapses
significant number of Nigerians have expressed outrage and recounted substantial financial losses on social media following the alleged collapse of…
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Rest in peace, Pascal Dozie: Founder of Diamond Bank, pioneer chairman of MTN Nigeria
Nigeria has lost a towering figure in its financial and telecommunications sectors with the passing of Pascal Dozie at the…
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Economic Concerns Mount as Nigeria’s Public Debt Reaches N144.67 Trillion
Nigeria’s total public debt reached N144.67 trillion ($94.23 billion) as of December 31, 2024, marking a substantial 48.58 percent increase…
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Heritage Bank: NDIC to commence payments of uninsured deposit balances
The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant acceleration in the liquidation process of the defunct Heritage Bank,…
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Access Holdings names Acting Group Chief Executive Officer
Several days after the sudden death of the former Group Chief Executive Officer, Access Holdings Plc, Dr. Herbert Wigwe, the…
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Central Bank of Nigeria: 1,500 redeployed staff resume at Lagos office
About 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following…
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