Banking
Access Bank Tops Nigerian Banks in Staff Salaries for 2024
An analysis of the financial performance of 11 Nigerian banks for the first nine months of 2024 reveals that these...
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Tier-1 Banks Propel Market Capitalization by N167 Billion
The Nigerian stock market witnessed a significant uplift as leading Tier-1 banks and select advanced equities fueled an increase of...
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Banks Raise Over N1.7 Trillion Through E-Offering in Recapitalization Effort, Says SEC
The Securities and Exchange Commission (SEC) has announced that Nigerian banks have successfully mobilized approximately N1.682 trillion through electronic offerings...
Read moreBanks Granted Flexibility to Trade Foreign Currency Deposits Under New CBN Guidelines
The Central Bank of Nigeria (CBN) recently released new guidelines allowing commercial, merchant, and non-interest banks more flexibility in managing...
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CBN Mandates Banks to Obtain Approval Before Altering Core Banking Systems
Nigeria’s Central Bank (CBN) has issued a new directive requiring commercial banks to secure regulatory approval before making changes to...
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Currency Outside Banks Sees Massive Surge as N1.6 Trillion Leaves Bank Vaults
Recent statistics from the Central Bank of Nigeria (CBN) reveal a striking increase in the amount of currency circulating outside...
Read moreBanking Stocks Surge to N7.91 Trillion as Recapitalization Efforts Progress
The Nigerian banking sector has seen a significant boost in market capitalization, reaching N7.91 trillion at the end of trading...
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CBN Governor Reports Sharp Decline in Market Volatility Due to FX Reforms
Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to...
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Nigeria Aims to Exit FATF Grey List by May 2025, Says Central Bank
In a recent announcement, the Central Bank of Nigeria (CBN) shared its active engagement efforts aimed at facilitating the country's...
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China Lowers Benchmark Lending Rates by 25 Basis Points to Boost Economy
China’s central bank, the People’s Bank of China (PBOC), has reduced its key benchmark lending rates by 25 basis points,...
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