Nineteen Nigerian banks have met the Central Bank of Nigeria’s (CBN) revised minimum capital requirements ahead of the March 31,…
Browsing: Nigerian Banks
Nigerian banks will begin charging a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026,…
Nigerian commercial banks deposited a record N3.7 trillion with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility…
The Acting Director of Corporate Communications Department, Mrs. Hakama Sidi Ali confirmed the capitalization in Abuja, saying the new minimum capital base for commercial banks with national authorization is now N200 billion, while the new requirement for those with regional authorization is N50 billion.
The Economic and Financial Crimes Commission (EFCC) has revealed that approximately 70 percent of financial crimes in Nigeria are connected…
Complying with the directives, Ecobank Nigeria, in a notice, said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected.
Nigeria’s leading commercial banks suffered loan losses estimated at a combined $1 billion in the first half of 2023.
A financial analyst, Dr Samuel Nzekwe, has called on Deposit Money Banks to further recapitalise, to meet the current rising inflation challenges in the country.
The Nigerian government says citizens can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost.
The Central Bank of Nigeria (CBN) has debited Nigerian banks a sum of N838.82 billion to mop up liquidity from…