Deposit money banks are stepping up efforts to cut a slice of Nigeria’s Point of Sale (PoS) market, which fintechs have dominated ...

The Central Bank of Nigeria, CBN, has cautioned deposit money banks against sourcing capital from illicit channels as part of the ongoing recapitalisation ...

Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.

NIGERIAN banks placed N2.3 trillion with the Central Bank of Nigeria (CBN) last week, signaling improved liquidity conditions in the financial system.According to market analysts at Afrinvest ...

Editor of Vanguard Newspaper, Eze Anaba, has charged Deposit Money Banks (DMBs) to prioritise lending to the real sectors ...

An expert told Legit.ng that this sum represents the percentage of deposits that banks must keep with the CBN, unable to earn ...

The Central Bank of Nigeria (CBN), on Monday said it was inevitable to order ... He said the central bank should consider releasing part of the Cash Reserve Requirement (CRR) for Deposit Money Banks ...

Some of Nigeria’s largest commercial banks earned a combined N922.5 billion ($589 million) from net fees and commission ...

Six banks have paid about N205.59bn as windfall tax in the 2024 financial year, indicating that attempts to lobby the ...

Nigeria Deposits Insurance Corporation, NDIC has said that it will commence payment of deposits above N5 million in the defunct Heritage Bank from next month. Acting Head, Communication & Public ...

The Central Bank of Nigeria has warned deposit money banks to avoid raising capital from illicit sources as part of the ongoing recapitalisation exercise.The apex bank said the measure was necessary ...