Banking & Finance
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CBN data shows currency outside banks rises to N2.2 Trillion, as Cardoso plans to end some policies of Emefiele
Data from the Central Bank of Nigeria (CBN) shows that currency outside banks increased monthly by N90 billion to N2.29…
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CBN takes action, orders debit of defaulters as GTB, First Bank, 2 others record N478 billion in bad loans
Guarantee Holding Company Plc, FCMB, Fidelity Bank, and FBN Holdings all faced significant issues with non-performing loans in the first…
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GTCO Plc releases half year audited financial statements for 2023
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the…
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Stanbic IBTC Bank announces name change for Subsidiary to challenge OPay, Kuda, Others
Stanbic IBTC Holdings Plc, the parent company of Stanbic IBTC Bank, has changed the name of its fintech subsidiary. The…
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CBN takes stern stance against four banks as debt profile of Directors hit N122.7 billion
The Central Bank of Nigeria (CBN) has taken a stern stance against potential conflicts of interest within the banking sector,…
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Central Bank lifts cash deposit restriction on domiciliary accounts, allows $10k withdrawals daily
The Central Bank of Nigeria (CBN) issued a press statement on June 18, 2023, providing further guidance to Deposit Money…
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Dormant Accounts: CBN moves to claim monies in Access, GTB, Zenith, First Bank, Others (See reasons)
The Central Bank of Nigeria (CBN) has recently announced new guidelines aimed at claiming funds from dormant accounts. Dormant accounts refer to…
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Federal Govt bars online banks from accessing customers’ photos, contacts
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023.…
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Federal Government approves 173 loan apps, bars illegal online banks
The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the…
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Recirculation of old 500,1000 naira notes: CBN denies report
The Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey…
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