banks

U.S. President Donald Trump speaks in the Oval Office at the White House in The White House was preparing to act against banks for allegedly dropping customers for political reasons, as President Donald Trump said he believes that banks,…

The Nigerian Communications Commission (NCC) and telecommunications companies have ruled out any extension for banks to settle their Unstructured Supplementary Service Data (USSD) debts. With the deadline set for the close of business on…

The Central Bank of Nigeria (CBN) has lifted its suspension on banks borrowing from its window, known as the Standing Lending Facility (SLF). The apex bank also pegged the lending rate at 31.75 per cent sequel to the decisions made at the…

The Securities and Exchange Commission, (SEC) has clarified that the 15 per cent rule for absorption of oversubscription of share offers by banks will be decided on a case-by-case basis under the banking recapitalisation exercise. The SEC…

Lagos State Governor, Babajide Sanwo-Olu on Tuesday said his administration will sustain deep mutually beneficial transformative relationships with financial institutions, particularly the First Bank of Nigeria, to meet the needs and…

As the Central Bank of Nigeria (CBN) continued to mop up excess liquidity in the financial system, banks in May 2024 borrowed an estimated N10.86 trillion from the apex bank to meet their daily business obligations. Banks access lending…

The chairman of Titan Trust Bank, Babatunde Lemo and the two other prominent shareholders are likely to forfeit their shares in both Titan Trust Bank and Union Bank Nigeria following their refusal to honour the December 28th invitation to…

The banking industry's total credit rose to N30.64 trillion by the end of April 2023, up from N26.10 trillion in April 2022, the Central Bank of Nigeria (CBN) Deputy Governor, Economic Policy Directorate, Kingsley Obiora, has disclosed.…

Nigerian banks are heading for their best quarterly performance in six years as a return to more conventional economic policies and a sharp devaluation of the naira are expected to boost profits in the West African nation. Banking stocks…

The National Union of Banks, Insurance, and Financial Institutions  (NUBIFIE) will be meeting with the management of Polaris Bank on Wednesday, June 7 to resolve issues that have caused disquiet in the financial institution. NUBIFIE…