Nigerian banks’ loans to private sector declined by 11.93 per cent in March amid rising interest rates. Data from the Central Bank of Nigeria, CBN, showed...
Banks in Nigeria may need to increase their capital base significantly in order to obtain regional or international banking licenses, according to a report by Cardinal...
By Sodiq Adelakun Nigerian financial institutions, fintech companies, a blockchain firm, and the Africa Stablecoin Consortium have announced that they will be unveiling a Naira stablecoin...
By Sodiq Adelakun Starting from November 1, 2023, banks in Nigeria will face sanctions from the Central Bank of Nigeria (CBN) if they reject the ‘Magnetic...
By Sodiq Adelakun During the first half of this year, four banks in Nigeria recorded a total of N478 billion in non-performing loans, according to their...
Following Nigeria’s commitment to adopt the International Sustainability Standards Board (ISSB) standards, Ms. Tinuade Awe, the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), emphasised...
A member of the Monetary Policy Committee, Adeola Adenikinju, has highlighted the urgent need for Nigerian banks to reduce their operating costs in order to improve...
…As manufacturers, farmers shut operations By Philemon Adedeji Despite insecurity in Nigeria, Nigerian banks still maintained positive records by raking Billions of Naira as profits in...