Banking & Finance
-
Thirteen women arrested for hawking Naira note in Port Harcourt
About thirteen women, who specialize in hawking various denominations of the Naira note, have been arrested by law enforcement agents…
Read More » -
Court orders CBN, 19 Banks to freeze over 15 million accounts
A Federal High Court in Abuja, presided over by Justice Nnamdi Dimgba has ordered the Central Bank of Nigeria and…
Read More » -
Nigeria interbank lending rate rises
Nigeria’s interbank lending rate rose to around 15 percent on Friday from 5 percent last week after commercial lenders paid…
Read More » -
Nigeria’s Forex reserves fall to $30.49bn – CBN
Nigeria’s foreign exchange reserves fell to $30.49 billion as of May 25, the lowest level since April 18 and down…
Read More » -
CBN to revoke licences of Micro Finance Banks for non- compliance
The Central Bank of Nigeria, CBN, has disclosed that it would revoke the operating licences of micro finance banks, and…
Read More » -
CBN Expels Ecobank, GTB, 12 others from FOREX market
The Central Bank of Nigeria (CBN), on Tuesday, barred United Bank for Africa (UBA), First Bank and 12 others from dealing…
Read More » -
CBN suspends bank charges, direct banks to make refunds
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of…
Read More » -
CBN releases $380m in 2 days
The Central Bank of Nigeria, CBN has pumped a total $380million within two days into the Foreign Exchange Market. And the…
Read More » -
FY 2016: Fidelity Bank grosses N152bn, proposes 14k dividend
The full year audited results for the top Nigerian lender, released over the weekend at the Nigerian Stock Exchange (NSE),…
Read More » -
CBN cuts dollar rate to N360
The Central Bank of Nigeria (CBN), has slashed the rate at which it sells dollars to Bureaux De Change (BDCs) in…
Read More »