Category: Banking

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...

Poverty can’t be eradicated without financial inclusion – First Bank

Without adequate financial inclusion, poverty cannot be effectively eradicated in Nigeria and other nations of...

Zenith Bank grows quarterly earnings by 22%

Zenith Bank Plc’s gross earnings rose by 22 per cent in the first quarter of...

Premium Trust Bank commences operations, promises service delivery

Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the...

10 banks raked in N1.57tn interest income in 2021 – Reports

Ten Deposit Money Banks in Nigeria earned a total of N1.57tn in net interest income...

Digital banks not tackling financial crime –UK regulator

Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms...

Why CBN can’t float exchange rate –Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls...