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Read latest banking news in Nigeria and be well informed about latest bank news in Nigeria.

PROTECT YOUR BANK ACCOUNT FROM FRAUDSTERS
BANKING

BVN Registration: Beware of Fraudsters – CBN Cautions Bank Customers

November 1, 2015 Haruna Magaji

The Central Bank of Nigeria (CBN) on Friday urged bank customers to be wary of individuals alerting them on the deactivation of their bank accounts […]

IMF
BANKING

DEVALUE CURRENCY TO SAVE FOREIGN RESERVE- IMF TELLS CBN, OTHERS

October 29, 2015 Haruna Magaji

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) and other central banks in Africa to devalue their currencies in order […]

NAIRA2
BANKING

CBN Strengthens Naira To 196.97/$ at Interbank Market

October 27, 2015 Haruna Magaji

The Central Bank of Nigeria, CBN, has strengthened its exchange rate peg slightly to N196.97 to the dollar on the interbank market on Monday, October […]

cbn2
BANKING

CBN Freezes Joint Venture Accounts In Banks

October 27, 2015 Haruna Magaji

The  Central Bank of Nigeria (CBN)  has frozen the accounts  of  the Nigerian  National Petroleum Corporation (NNPC) and its joint venture partners in deposit money […]

CENTRAL BANK OF NIGERIA
BANKING

BVN Policy: BDCs Not Ready for November 1 Implementation Date

October 26, 2015 Haruna Magaji

Bureau De Change operators in the country have said they are not ready to commence the implementation of the Bank verification Number (BVN) policy. This […]

GUARANTY TRUST BANK PLC
BANKING

Guranty Trust Bank Plc Records N92billion Profit Before Tax in Nine Months

October 23, 2015 Haruna Magaji

Guaranty Trust Bank Plc has announced gross earnings of N229.4 billion for the nine months ended September 30, 2015. The report was released on October […]

BVN21
BANKING

ONE DAY TO GO: HAVE YOU DONE YOUR BVN?

October 21, 2015 Haruna Magaji

The bank verification bio-metric data capture is a Central Bank of Nigeria (CBN)  mandate which directed all account holders in any Nigerian bank to register […]

NAIRA2
BANKING

NAIRA MAY BE DEVALUED AGAIN, SAYS FBN CAPITAL

October 20, 2015 Haruna Magaji

Continuing pressure on the external reserves and persistent strong demand from importers for foreign exchange will likely result in another devaluation of the naira in […]

BANKING HALL
BANKING

Expert Urges Nigerian Banks To Increase Lending As Credit Falls

October 19, 2015 Haruna Magaji

Managing Director and Chief executive of Afrinvest Nigeria, Ike Chioke, has called on banks to step up lending to real estate sector which has been […]

UBA2
BANKING

UBA Posts Increased Profit of N48.6billion

October 16, 2015 Haruna Magaji

United Bank for Africa, UBA, on Thursday , October 15, reported its financial results for the nine months September 30, 2015, showing a rise of […]

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