The Central Bank of Nigeria has assured the public that the Nigerian banking industry is resilient, noting that banks’ financial soundness indicators were within...
As of September 2023, Zenith Bank, UBA, Access Bank, FBN and Ecobank remain the five most capitalised banks in Nigeria accounting for N8.04 trillion...
The Long-Term Issuer Default Rating (IDR) of Coronation Merchant Bank (CMB) has been downgraded by Fitch Ratings to ‘CC’ from ‘B-‘, with its...
A call has gone to media owners, especially those operating in the digital ecosystem, to reform their business model to ensure sustainability. Mr. Olufemi Awoyemi, CEO,...
The depositors, creditors, and shareholders of 20 liquidated banks are expected to get about N61.63 billion as paid liquidation dividends. A statement from the...
Amid a headwind of challenges ranging from multiple taxation, forex scarcity, and low patronage of locally produced goods, the debt owed by manufacturers to banks in...
Commercial banks in Nigeria are facing substantial financial losses due to fraud with a significant increase in insider involvement according to the Fraud and Forgeries (FITC)...
Access Holdings, FBNH, GTCO and nine other banks in the country recorded FX revaluation gains in the first half of 2023 following the devaluation...
The Financial Institutions Training Centre (FITC) has reported that fraud-related cases led to the sack of about 110 top bank executives and junior workers...
The Central Bank of Nigeria (CBN) has threatened to sanction banks engaging in illegal sales of foreign exchange as the Naira crashed to an all-time low of N950...
