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.
Browsing: Nigerian Banks
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…
Mr Folashodun Shonubi, Deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), has urged Deposit Money Banks (DMBs) to strengthen…
The Executive Vice Chairman, (EVC), of the Nigerian Communication’s Commission (NCC), Professor Danbatta, has disclosed that Nigerian banks owe Telecommunications…
Nigeria’s eight banks suffered a N2.32 trillion debit in Cash Reserve Requirement (CRR) sequesters by Central Bank of Nigeria (CBN)…