The Central Bank of Nigeria (CBN) has directed all banks with unresolved forbearance exposures to submit detailed Capital Restoration Plans (CRPs) by July 14, 2025, as part of ongoing efforts ...
Nigerian banks have officially resumed international transactions on naira-denominated ATM and debit cards, nearly three years after the service was suspended due to foreign exchange shortages. Banks such as United ...
According to the CBN’s February 2025 report, Nigerian banks slashed their manufacturing sector lending from ₦10.9 trillion in February 2024 to ₦8 trillion—a 26% year-on-year decline. The trend extends to ...
Effective May 1, 2025, several Nigerian banks, including Guaranty Trust Bank (GTBank) and Ecobank Nigeria, will increase their SMS transaction alert fees from ₦4–₦5 to ₦6 per message. This adjustment ...
The Chartered Institute of Bankers of Nigeria (CIBN) and the association of bank CEOs have expressed deep concern over the growing trend of negative social media criticism and blackmail directed ...
Nigeria’s major deposit money banks have reported a staggering 141.75% Year-on-Year (YoY) rise in their interest income for the half-year period ending in June 2024 (H1’24). This surge is attributed ...
The introduction of a windfall tax on Nigerian banks has sparked a debate about fairness, economic equity, and the role of financial institutions in addressing socio-economic disparities. This tax, which ...
Nigerian banks experienced a significant reduction in financial fraud losses in the first quarter of 2024, with losses decreasing by 77.62% compared to the previous quarter. The Financial Institutions Training ...
According to data from the Central Bank of Nigeria (CBN), in March, Nigerian banks witnessed a substantial decrease in lending to both the private and public sectors, amounting to N23.99 ...
Recent dividend declarations by major Nigerian banks underscore a nuanced relationship between shareholder returns and the Central Bank of Nigeria's (CBN) capitalization directives. Despite the CBN's push for substantial capital ...
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