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By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) said it has paid an insured sum of over N1.7 billion to customers of Microfinance banks...
By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) said some media reports listing banks as failing the Capital Adequacy Ratio (CAR) stress test for...
By Tony Obiechina, Abuja The proposed recapitalisation of the deposit money banks by the Central Bank of Nigeria (CBN) is beginning to take a toll as...
By Tony Obiechina, Abuja The Nigeria Deposit Insurance Corporation (NDIC) said it is recovering over N400 billion from debtors of liquidated banks in the country. Speaking...
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Mr Olayemi...
Experts have expressed optimism that the banking industry would soon embark on new recapitalisation drive owing to the current economic realities in the country. They said...
The Secretary to the Government of the Federation (SGF), Sen. George Akume has called on banks to follow provisions of the Fiscal Responsibility Act (FRA) when...
Deposit Money Bank (DBMs) and merchant banks borrowing Central Bank of Nigeria (CBN) increased to N7.5trillion in the first five months of 2023, an increase of...
The Police Command in Akwa Ibom has announced the arrest of 15 persons over alleged destruction of banks in Oron Local Government Area of the state....
Commercial banks will henceforth pay customers over-the-counter with N100, N50, N20, N10 and N5 notes regardless of how much a customer is withdrawing. The Banker’s Committee...
