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

The Central Bank of Nigeria (CBN) has extended the timeline for Nigerian bank customers in the Diaspora to enroll for their Bank Verification Numbers (BVN) to January 31, 2016. This is contained in statement by the Bank’s Director, Corporate Communications,...
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 due to uncompleted Bank Verification Number (BVN). This is contained in statement by Mr Ibrahim...
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 to absorb shocks to their economies. The IMF noted that resisting currency pressure depletes foreign...
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 26, from the mark of N197.00 set two weeks ago. According to traders, the regulator...
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 banks, creating  panic among some companies in the Oil and Gas industry. This follows on...
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 was made known by the Acting President of the Association of Bureau De Change Operators...
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 22, 2015. The report shows an increase of 15 per cent the N199.2 billion recorded...
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 and be issued a Bank Verification Number (BVN) as well as a Verification Card...
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 the coming months, analysts at FBN Capital have predicted. In a note, the analysts forecast...
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 a slow decline. According to Chioke, the banks will have to become more proactive in...
United Bank for Africa, UBA, on Thursday , October 15, reported its financial results for the nine months September 30, 2015, showing a rise of 44 per cent in profit after tax to N48.6 billion. UBA posted a net operating...
Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Thursday, October 15, closed on a positive note as the All Share Index gained 0.11 per cent after losing consecutively for two days to close at 29,700.08...
CBN Tweaks Naira to N197/$1 at Interbank Market The Central Bank of Nigeria, CBN, attuned its exchange rate peg slightly to N197 naira to the dollar on the interbank market on Thursday, October 15, from N196.98 it set on Monday. According...
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