Tag: banks

The Nigeria Deposit Insurance Corporation has commenced reimbursement of depositors affected by the closure of 46 microfinance banks across the ...

Currency held outside Nigeria’s banking system dropped to its lowest level in seven months in June 2026, signalling a gradual ...

Corporate borrowers and state-backed entities paid coupon rates as high as 20% to access Nigeria’s debt capital market in the ...

Nigeria’s average maximum lending rate declined to 33.16% in June 2026, down from 34.78% in May, offering a slight reduction ...

The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as ...

The Central Bank of Nigeria (CBN) has revoked the operating licences of **46 microfinance banks** with immediate effect, citing serious ...

The Central Bank of Nigeria (CBN) has issued a strong warning to Nigerians about a rising wave of scam messages ...

The Nigerian stock market has recorded one of its steepest monthly declines in recent years, losing approximately N11.6 trillion in ...

The Nigerian equities market extended its positive performance on Tuesday, closing higher by 0.53% amid renewed buying interest in major ...

Non-performing loans (NPLs) in Nigeria’s banking industry rose to 8.03% in January 2026, marking a noticeable deterioration in asset quality ...