CBN’s Liquidity Mop-up Triggers Surge in Banks’ Borrowing to N8.7 Trillion in Two Months
The Central Bank of Nigeria's efforts to mop up liquidity have led to a significant increase in borrowing by deposit ...
Tag: banks
Banks Sell $172 Million as CBN and EFCC Combat Currency Speculators
In a bid to curb the activities of currency speculators and stabilize the exchange rate, Nigerian banks have sold approximately ...
Big Banks Slash Overdraft Fees by 25%, Yet Customers Still Pay $2.2 Billion
In a significant move to address longstanding consumer concerns, the three largest American retail banks have collectively reduced their overdraft ...
Banks Defy Economic Challenges: N703.3 Billion Profit Amidst Inflation and Forex Revaluation
Despite the economic downturn, leading Nigerian banks, including FBN Holdings Plc, Stanbic IBTC Holdings, and five others, have collectively reported ...
Nigerian Customs Deactivate Two Banks Over Failure to Remit Duties.
In a recent development, the Nigerian Customs Service (NCS) has announced that it has deactivated two banks for their failure ...
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.
The Central Bank of Nigeria (CBN) has given International Oil Companies (IOCs) the green light to resume the sale of ...
Telecom Firms Inform Banks: N120bn USSD Debt Will Not Be Written Off.
Telecommunication firms in Nigeria have declared that they will not be forgiving the N120 billion debt owed to them by ...
CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.
The Central Bank of Nigeria (CBN) injected approximately $29.5 million into the foreign exchange (FX) market during the recent auction ...
