Tag: Banks

As part of the process to eliminate fraudulent activities in the sector, the Central Bank of Nigeria (CBN) instructed commercial ...

Contrary to several opinions suggesting that Bank Verification Number (BVN) has an expiration date, the Central Bank of Nigeria (CBN) ...

The Central Bank of Nigeria (CBN) has authorized foreign banks to work with their parent companies in availing and syndicating ...

The Nigeria Deposit Insurance Corporation NDIC has started the verification of insured depositors of the defunct Peak Merchant Bank. This ...

Nigeria's high unemployment rate is alarmingly rising and is projected to hit 40 percent before the end of 2023, and ...

The Central Bank of Nigeria is proposing to mop up funds in accounts that have been dormant for up to ...

The Central Bank of Nigeria (CBN) has issued guidelines on the processes, requirements, and qualifications expected of microfinance, commercial, and ...

The continuous advancement of technology has opened up the risks of financial fraud in Nigerian banks, and many banking employees ...

Africa’s fintech industry is booming, driven by the rapid penetration of Internet access and the digitisation of businesses across the ...

According to the Monetary Policy Committee of the Central Bank of Nigeria (CBN), Nigerian banks offered 130,854 new credits worth ...

Dr. Adaora Umeoji, Deputy Managing Director of Zenith Bank Plc, has retired from the financial institution following the Central Bank ...

Central Bank of Nigeria (CBN) will release the Cabotage Vessel Financing Fund (CVFF) to the five selected primary lending institutions ...

The Central Bank of Nigeria (CBN) has denied a news report quoting a bank source as saying the apex bank ...

"No, we didn't", CBN clarifies The Central Bank of Nigeria has reportedly directed banks to begin collecting old N500 and ...

The current naira scarcity, occasioned by the currency swap policy of the Central Bank of Nigeria (CBN), is taking a ...