Tag: Banks

The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC’s Chairman, Ola Olukayode, disclosed this ...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on ...

The naira suffered a fresh slide both at the official and parallel foreign exchange markets on Friday. The national currency depreciated to on Friday N1,670/$ from N1,600/$ recorded at the ...

International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer ...

The Central Bank of Nigeria has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward ...

Banking stocks on the Nigerian Exchange Limited maintained their positive trend as the local bourse shed N139bn on the first trading day after the Christmas holiday. The All-Share Index and ...

The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to ...

The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. It said this in a statement ...

The Governor, Central Bank of Nigeria, Mr Olayemi Cardoso, has said the banks need increased capital to support the economy. Cardoso spoke during Nigeria Sustainability Summit 2023 event at Access ...

The Central Bank of Nigeria (CBN) has affirmed the soundness of the Nigerian banking sector, stating that the banks are in good health amidst macroeconomic challenges. The announcement coincides with ...