Only two banks have so far been able to meet the new capital requirements prescribed by the Central Bank of Nigeria (CBN), with most of the other banks still in need of huge capital injections, ...

The Central Bank of Nigeria has approved the Nigeria Foreign Exchange (FX) Code, which is designed to promote ethical conduct ...

At 80, Wema Bank Plc stands as a symbol of what is possible when resilience meets innovation. Its legacy is secure, but the ...

By BAMIDELE MICHAEL The Central Bank of Nigeria’s economic reforms have continued to enhance Nigeria’s position as an attractive investment destination. The economy has already attracted higher ...

The Central Bank of Nigeria (CBN) has warned that it will sanction banks that force customers to withdraw less than N20,000 ...

Keystone Bank has revealed that it is now fully owned by the Nigerian government following a court order which dissolved the ...

Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in ...

Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely ...

Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in ...