Wednesday, February 11, 2026
Fitch warns CRR will crash banks’ returns
BY:Moses olajuwon Obajemu Fitch Ratings has sounded the alarm that the cash reserve ratio (CRR) policy being implemented by the...
Read moreDetailsNDIC assures depositors of defunct Fortis MFB of getting their insured funds
BY: Moses olajuwon Obajemu The Nigeria Deposit Insurance Corporation (NDIC) yesterday vowed to protect the interest of depositors of...
Read moreDetailsForex scarcity sends naira crashing, now N472/$ at parallel market
Foreign exchange scarcity has triggered further fall of the naira in the parallel market where it now exchanges at N472...
Read moreDetailsBanks write off N1.9tr bad loans — Agusto Ratings
Loans totaling N1.9 trillion considered to be bad loans were written off by banks in the country in the last...
Read moreDetailsAs pandemic lockdown eases, money in circulation falls to N2.29tn
Nigeria's stock of money in circulation stood at N2.29 trillion at the end of June 2020, representing a decline of...
Read moreDetailsHow wearing face mask can cause your ATM transactions to fail– Banks
In this era of the Coronavirus pandemic, wearing a face mask may cause bank customers unable to withdraw money from...
Read moreDetailsFMDQ lists N23bn debt Securities in move to deepen financial market
In a move to deepen the Nigerian financial system and provide more investment instruments for investors, FMDQ Securities Exchange Limited...
Read moreDetailsAfrica’s junk bonds among hottest investments with big yields
Africa’s sovereign bonds -- all of them rated junk -- have been among the biggest beneficiaries of the risk-on mood...
Read moreDetailsBVN-linked accounts now 41.82m
Active bank accounts linked to bank verification number (BVN) in Nigeria as at last month stood at 41.82 million, a...
Read moreDetailsCBN extends accounts submission deadline for MfBs, others
The Central Bank of Nigeria has extended the timeframe for the submission of the 2019 audited financial statements of Other...
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