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Economy

Massive N156 Billion Impairment Charges Hit Eight Nigerian Banks in Q1 2025

In the opening quarter of 2025, eight leading Nigerian banks collectively set aside N156 billion as impairment charges on their credit and financial...

Nigeria Bank Capital Requirements
News

Banks Strengthen Capital Base Amidst Regulatory Requirements

Nigeria banks are demonstrating commendable progress in bolstering their capital reserves to comply with the Central Bank of Nigeria’s (CBN) recently increased capital...

Finance

10 Women Leading Top Nigerian Banks [Full List + Photos]

The Nigerian banking sector has seen a remarkable increase in the number of women at the helm. This shift towards gender inclusivity reflects...

Finance

Nigerian banks announce deadline to stop accepting old £20, £50 notes

Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes. Fidelity...

News

Some Nigerian Banks Almost Collapsing – Ibrahim Magu

The acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, on Tuesday said some Nigerian banks were already on the verge...

FinanceNews

CBN Orders Banks to Begin Charging of N50 NIPOST Levy for Bank Transactions

The Central Bank (CBN) in a statement issued on Tuesday has ordered Nigerian banks to start the collection of N50 levy for some...