The Nigeria Deposit Insurance Corporation (NDIC) has urged regulators in the banking industry to draw supervisory lessons from the failure of Silicon Valley Bank and Credit Suisse by ensuring proper manage risks.
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First Bank of Nigeria Ltd., has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa.
The Debt Management Office (DMO), has listed four Federal Government of Nigeria (FGN) bonds valued at N360 billion for subscription at N1,000 per unit.
Some Point of Sale (PoS) operators are still charging above the usual service charge in spite of the Central Bank of Nigeria (CBN’s) directive.
The Board of Directors of the African Development Fund (ADF) has approved $8 million to boost the banking system on the continent.
Some bank customers on Friday alleged bank officials’ connivance with Point of Sale operators (PoS), which makes it difficult for them to easily have access to cash from Automated Teller Machines (ATMs).
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as e-Naira, USSD and other internet banking facilities in line with its cashless policy.
The Board of Executive Directors of the World Bank Group, has announced that a U.S. national, Ajay Banga was the only nominee for the position of the next President of the bank.
The Debt Management Office (DMO) on Thursday, disclosed that Nigeria’s total public debt stock increased to N46.25 trillion (equivalent to $103.11 billion) as of December 2022.
The Ekiti Government has threatened to sanction filling stations that reject Point-of-Sale (POS) transactions owing to the current cash scarcity in the country.