The transactions involved about one-fourth of the company's total shareholding, but the regulators claim they don't know much ...

Nigeria central bank revokes licence of Heritage Bank as bank rules breached. By Reuters. June 3, 2024 9:15 AM UTC Updated June 3, 2024 ABUJA, June 3 (Reuters ...

CBN on Tuesday said that 8 commercial banks have fully met their recapitalisation requirements, while others are making ...

Two banks holding national banking licences are reportedly in talks to merge as the recapitalisation deadline set by the ...

ABUJA, Dec 3 (Reuters) - Nigerian banks will on Friday commence dollar payout for diaspora inflows and close naira remittance accounts after the regulator eased money transfer rules to try to ...

Nigeria wants banks to perform a difficult two-step -- keep more of their cash for emergencies and aggressively expand lending into a shrinking economy. Lenders must hold 27.5% of deposits as ...

NEW rules have been set by the Central Bank of Nigeria (CBN) for banks planning to establish correspondent banking relationship with foreign lenders.

Nigeria plans to delay new capital rules for banks as regulators in Africa’s biggest economy follow fellow oil producer Kazakhstan in trying to boost lending and avoid a recession. The Central ...

Banks are introducing stringent rules to ensure that Bureaux De Change (BDCs) do not access the Diaspora funds-related foreign exchange (forex) being canvassed by the Central Bank of Nigeria (CBN ...

Nigeria's Securities Exchange Commission has issued new rules that apply to all crypto product and service providers in the country. The latest development could legitimize and boost the adoption ...

The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements. Olayemi Cardoso, ...

Nigerian banks will on Friday commence dollar payout for diaspora inflows and close naira remittance accounts after the regulator eased money transfer rules to try to boost forex liquidity in the ...