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Banking Business

Nigerian banks’ assets rise by N10tn, hit N66tn

The Central Bank of Nigeria’s most recent statistics show that between August 2021 and August 2022, the assets of Nigerian banks increased by N10 trillion,

Banking Financial Inclusion

Mr President: CBN Has My Backing to Redesign, Replace Naira Notes

President Muhammadu Buhari has reacted to the plan by the Central Bank of Nigeria ( CBN) to redesign and replace N1,000, N500 and N200 notes,

Funding Business

Equities: Amid sell-offs, investors purchased 938 million shares for N16.7 billion

At the end of trading last week, equity investors traded 938.020 million shares worth N16.701 billion in 15,700 deals, despite the overwhelming unfavorable emotions that

Banking Business Funding

Moody places 9 Banks’ Ratings on review for downgrade

One of the top credit rating agencies, Moody’s Investors Service, yesterday announced that it has put on review for downgrade the long-term deposit ratings, as

Banking Business Funding

Wema Bank Emerges Best Performing Bank in H1 2022

With a weighted average score of 2.83 points, Nigeria’s most creative bank, Wema Bank Plc, outperformed 12 other banks to take the top spot in


CBN Prohibits Foreign Banks From Collecting Deposits

Foreign banks operating in Nigeria are no longer permitted to accept deposits domestically, according to the Central Bank of Nigeria (CBN).  The CBN Director of

Banking Business ecommerce Funding

CBN Is Devoted To Enhancing SMEs’ Financial Standing

According to the Central Bank of Nigeria (CBN), it is dedicated to launching programs and policies that will help SMEs in Nigeria. This was said

Banking Financial Inclusion Fintech

CBN grant Xpress Payments mobile money license

The Central Bank of Nigeria has granted Xpress Payments, a subsidiary of Xpress Holdings Limited, a license to operate a mobile money operator.  The license,

Banking Business Uncategorized

The CBN Deducts N838 billion From 15 Nigerian Banks As Cash Reserve Ratio(CRR) Deductions

Nigerian banks parted with a sum of N838 billion in CRR debits from the Central Bank of Nigeria (CBN) following the latter’s move to mop


Nigeria’s GDP Will Expand By 3.4 In 2022, According To CBN

Despite the economy’s prospects, the Central Bank of Nigeria (CBN) has advised Nigerians to hold onto optimism because predictions from three fiscal and monetary agencies