CBN releases $500m to clear more verified Forex liabilities
The Central Bank of Nigeria (CBN) said it has released $500 million to various sectors in its determination to address the backlog of verified...
FCMB grows profit by 207% to N95bn
FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn.
This was revealed in the...
China to cut bank reserves
China on Wednesday said it would next month cut the amount banks must hold in reserve to boost lending, state media reported.
The decision comes...
Fidelity Bank to promote young writers nationwide with Its Read2Lead Initiative
As part of its Corporate Social Responsibility (CSR) initiatives designed to empower Nigerian youths with quality education, leading financial institution, Fidelity Bank Plc, has...
Interrogating Union, Keystone, Polaris Boards’ Dissolution
The announcement of the dissolution of the boards of Union, Keystone and Polaris Banks by the Central Bank of Nigeria (CBN) on Wednesday, has...
Access Bank acquires Atlas Mara Zambia, targets top-3 by 2027
Access Bank Zambia has completed the acquisition of African Banking Corporation Zambia Limited, trading as Atlas Mara Zambia.
Access Bank Zambia is a subsidiary of...
Banks To Deduct EMTL On Foreign Currency Transactions Of 2021-2023 By January 31
Nigerian banks will deduct the backlog of Electronic Money Transfer Levy (EMTL) on old foreign currency transactions carried out by Nigerians on January 31,...
FirstBank supports theatre initiative
FirstBank of Nigeria Limited has announced that it will be sponsoring Kakadu the Musical, a theatre production by Playhouse Initiative.
According to a statement, the...
Titan Trust Bank Faults CBN Investigator, Says No Fraud in Acquisition of Union Bank
*Obazee accuses Emefiele of using proxies to buy Union Bank through Titan Trust Bank and Keystone Bank without payment
Titan Trust Bank (TTB) yesterday reacted...
CBN suspends processing fees on large cash deposits
The Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr Adetona...
