Banking & Finance
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Sterling Bank announces strategic change on BOD, appoints new chairman
Sterling Bank Limited has announced a strategic change on its Board of Directors, with Olatunji Mayaki as the new Chairman…
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Supreme Court rules that Old, new naira notes remain legal tender till further notice
The Supreme Court, on Wednesday, ruled that the old Naira denominations of N200, N500 and N1,000 notes continue to co-exist…
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Old, new naira notes remain legal tender – CBN
The Central Bank of Nigeria has instructed all its branches nationwide to continue issuing various denominations of both old and…
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CBN Debits First Bank, GTB, UBA, Zenith, 6 Others N1.62trn
For failing to meet the 32.5% Cash Reserve Ratio (CRR) threshold, the Central Bank of Nigeria (CBN) has debited about…
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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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