Tag Banks

Banks sell Dollar at N412 to retail customers

Deposit Money Banks (DMBs) on Monday commenced sales of dollar at N412 to retail customers that meet required documentations. This is in compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks have…

N211.9bn impairment charges by 6 banks shrink profit

By Kayode Tokede A total of N211.9billion impairment charges by six banks operating in the country weaken profit before tax in 2020, investigation by Nigerian NewsDirect has revealed. These six banks’ impairment charges in 2019 was N116.56billion. Analysts had expressed…