Category: Banking

CBN, Bank of Angola ink MoU to boost technical collaboration

The Central Bank of Nigeria and the Bank of Angola have signed a Memorandum of...

Nigeria’s trade surplus rises to 6% of GDP — CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that Nigeria’s trade...

CBN’s new PoS policy may kick us out of business – Agents

A new policy from the Central Bank of Nigeria on agent banking is projected to...

Wikki Air signs MoU with Bauchi to begin flight operations

A new Nigerian airline, Wikki Air Limited, has entered into a Memorandum of Understanding with...

Alternative payment systems vital for rural communities – CBN

The Central Bank of Nigeria has described alternative payment systems as a vital lifeline for...

First Bank unveils fully automated digital Xperience centre

First Bank has strengthened its leadership in digital banking with the launch of a new...

CBN slams N5m fine on agent banking offences

The Central Bank of Nigeria has announced that any agent found engaging in non-permissible activities...

CBN orders banks to submit monthly reports on POS agents

The Central Bank of Nigeria has directed all financial institutions to submit detailed monthly reports...

CBN rate cut will shrink banks’ profits – Moody’s

Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector may face renewed...

Sanusi urges banks to adopt mandatory quotas for women

Former Central Bank Governor and Khalifa of the Tijjaniya group in Nigeria, Sanusi Lamido Sanusi,...

Stanbic IBTC names Chukwuma Nwokocha as new group CEO

Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma Nwokocha as its substantive...

Sterling Bank removes account maintenance fees

Sterling Bank has announced the removal of account maintenance fees on all personal accounts, calling...