Tag: banking sector

In a significant policy shift, the Central Bank of Nigeria (CBN) has announced the suspension of new loan applications for ...

The NGX Banking Index, a key benchmark capturing the performance of the banking sector, has witnessed a remarkable surge of ...

Surge in Domiciliary Account Balances as Naira Declines: A Boost in Forex Deposits The total balance in domiciliary accounts across ...

Nigeria's banking sector has displayed remarkable resilience and financial strength, with at least six of the top banks in the ...

Customer complaints registered with five leading Nigerian banks have surged by a staggering 117 percent year-on-year, as of June 2023, ...

Central Bank of Nigeria (CBN) issued a directive on Monday, instructing commercial banks to refrain from utilizing their foreign exchange ...

In the wake of unprecedented foreign exchange challenges, several banks in Nigeria have ceased providing forex services to their customers, ...

Nigerian Banks Record 47% Increase in Loans Amid Regulatory Measures In a notable development, six major Nigerian banks collectively reported ...

In a noticeable trend, Nigeria's commercial banks and merchant banks have been increasingly turning to the Central Bank of Nigeria ...

In a resolute stance on regulatory adherence, First Bank and a cohort of 18 other entities have collectively incurred fines ...