Tag: BANKING SECTOR

The Central Bank of Nigeria (CBN) has announced the successful completion of its ambitious two-year banking recapitalisation programme, with 33 banks meeting the revised minimum capital requirements after collectively raising ...

United Bank for Africa (UBA) Plc has reaffirmed its role as a primary bridge between the Nigerian diaspora and domestic investment opportunities. The bank’s Group Managing Director and CEO, Oliver ...

In a landmark move that signals the next phase of its growth, Stripe-owned Nigerian fintech, Paystack, has officially stepped into Nigeria’s banking space following its acquisition of Ladder Microfinance Bank. ...

Nigeria's commercial banks deposited an unprecedented N3.7 trillion into the Central Bank of Nigeria's Standing Deposit Facility on Christmas Eve, marking one of the most dramatic liquidity surges the country's ...

Nigeria's banking industry is navigating a delicate period of adjustment as key financial health indicators reveal both underlying strength and emerging vulnerabilities following the Central Bank of Nigeria's (CBN) decision ...

Nigeria's banking sector is sitting on a mountain of idle cash, with deposit money banks parking a staggering N4.816 trillion at the Central Bank of Nigeria  (CBN) as of Friday, ...

Nigeria's banking sector is grappling with unprecedented levels of excess liquidity, with commercial banks depositing a staggering N146.13 trillion with the Central Bank of Nigeria (CBN) through its Standing Deposit ...

Nigeria's banking sector is grappling with an unprecedented liquidity glut, as new figures reveal that commercial banks parked a staggering N146.13 trillion with the Central Bank of Nigeria (CBN) in ...

Nigeria's banking sector recapitalization exercise has gained significant momentum, with 14 commercial banks successfully meeting the stringent new capital requirements imposed by the Central Bank of Nigeria (CBN), Governor Yemi ...

First City Monument Bank (FCMB) Group Plc has set its sights on a remarkable financial turnaround, projecting fourth-quarter profits of N58.8 billion that would cap off what appears to be ...