The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of...
By Tony Obiechina, Abuja Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent...
Sell-offs in the shares of Tier-one banks on Thursday contributed to a 0.32 per cent decline in the Nigerian Exchange Ltd. (NGX) market indices. Specifically, losses...
By Tony Obiechina, Abuja The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured that of all banks have the capacity to meet...
Dr Muda Yusuf, founder of the Centre for the Promotion of Private Enterprise (CPPE), says the upward adjustment of capital requirements for banks will improve their...
A financial expert, Dr Samuel Nzekwe, says the Central Bank of Nigeria’s (CBN) new minimum capital requirement for Nigerian banks will enable them to finance more...
Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks on Thursday further raised the equity market higher by 0.27 per cent. Specifically, investors...
Gives Them 24 months To Recapitalise By Tony Obiechina, Abuja Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in...
By Tony Obiechina, Abuja Nigeria Deposit Insurance Corporation (NDIC) has reimbursed depositors of 179 rested microfinance and four mortgage banks across the country. The Managing Director...
By Tony Obiechina, Abuja In a bid to manage risks and prevent potential losses with systemic implications, the CBN on Wednesday issued stringent prudential requirements for...