Category: Banking

CBN introduces USSD to boost eNaira

The Central Bank of Nigeria plans to introduce the Unstructured Supplementary code as part of...

Unity bank projects N10.8bn gross earnings Q3 2022

Unity Bank Plc has announced that it aims to achieve N10.890 billion in gross earnings...

28 banks Join $500m pan-African settlement platform

One year after the African Continental Free Trade Agreement take-off, no fewer than 28 banks...

UBA redeems five-year $500m Eurobond

The United Bank for Africa has redeemed its debut $500 million five-year Eurobond notes which...

Ondo communities groan as robberies halt banking operations, frustrate economic activities

A resident of Idoani in the Ose Local Government of Ondo State, Mr Segun Kolawole,...

Titan Trust completes takeover of Union Bank 

Union Bank Plc has announced the completion of core investors’ sale of a majority shareholding...

CBN retains 5% interest rate for power sector, others

Sequel to its development finance initiative, the Central Bank of Nigeria has agreed to leave...

Banks borrow N338.4bn from CBN in one month

Cash-strapped banks borrowed N338.5bn from the Central Bank of Nigeria in January to bridge their...

Why accounts of 50 firms operating loan apps are frozen –FCCPC

Babatunde Irukera is the Executive Vice-Chairman/Chief Executive Officer of the Federal Competition and Consumer Protection...

Paper currency will soon be out of circulation -CBN official

The Central Bank of Nigeria has said that paper currency will soon be out of...

Banking sector remains resilient, says CBN

The Nigerian banking sector remained resilient in February, according to a report released by the...

Bank loans to govt rise to N16.32tn – CBN

The total net credit by the Nigerian banking sector to the government rose by N2.2tn...

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