The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians that the Deposit Money Banks are healthy despite recession, saying that 90 per cent of depositors are covered by the corporation...
By Obinna Chima The Central Bank of Nigeria’s (CBN) Financial Stability Report (FSR) has revealed that in terms of size of assets and deposit of banks, the market share of...
The House of Representatives on Thursday resolved to investigate the N65 being charged customers by commercial banks for Automated Transaction Machine. The house directed its Committee on Banking and Currency...
Managing Director/CEO of Guaranty Trust Bank plc; Segun Agbaje has emerged the 2016 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 9th annual Ai CEO...
Bad loans in Nigeria’s banking system soared to more than double the limit set by the regulator as the industry struggles with an economic downturn. The ratio of non-performing loans...
Deposit Money Banks (DMBs) are yet to comply with the Central Bank of Nigeria (CBN) directive that they allow cheques payments into savings accounts, this is according to a report...
Central Bank of Nigeria (CBN) has threatened to suspend and dismiss any Executive Compliance Officer (ECO) and Chief Compliance Officer (CCO) found wanting in the discharge of his/her responsibility. This...
Banks and other lenders in Nigeria are on the trail of power sector investors in a fresh loan recovery move to recoup over $12.52 billion credit facilities in the segment....
In its attempt to ensure strict compliance with all extant regulations; particularly those relating to foreign exchange transactions, Financial Action Task Force (FATF) and Anti-Money Laundering/Combating the Financing of Terrorism...
Diamond Bank Plc has announced the change of names of six of its flagship financial products. According to the Bank, the name change was borne out of the need to...