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Naira scarcity: Banks clarify cash hoarding claims, working with CBN, others

By Motolani OseniThe Association of Corporate Affairs Managers of Banks (ACAMB) has clarified the assumption that commercial banks in the country are hoarding naira...

Business

Banks risk higher NPLs as CBN tightens MPR

Deposit Money Banks in the country may face increasing exposure of the commercial assets, which will lead to high loan default, as the Central...

Business

CBN to meet banks, telcos on PoS withdrawal charges

The Central Bank of Nigeria (CBN) will meet with deposit money banks (DMBs), mobile money operators, and telecommunications companies in the coming days to...

News

New Naira scarcity: Buhari to interrogate CBN, others

President Muhammadu Buhari says he will interrogate the Central Bank of Nigeria (CBN) and other government agencies involved in the printing and distribution of...

News

Banks meet Reps committee, counter CBN on new Naira notes

Commercial Banks on Friday countered claims by the Central Bank of Nigeria (CBN) on the availability of the new Naira notes.The banks defended their...

Business

Fitch rates Nigerian banks strong to withstand economic shocks

However, it said that operating conditions for banks will weaken in 2023 due to high inflation, rising interest rates and US dollar shortages, in...

Business

CBN tells Nigerians to reject old naira notes from banks

The Central Bank of Nigeria (CBN) has advised Nigerians to start rejecting old naira notes from banks.The apex bank further reminded bank customers that...

Business

2023: Nigerian banks, others to maintain growth trajectory through core income-Analysts

This was made known by Cordros Securities Limited in its report titled; ‘Nigeria in 2023; Charting Through a Pervasive Slowdown’.The report identified Financial Sector,...

Business

Banks run out of redesigned naira notes, as phase out date nears

As the new naira notes went into circulation on Thursday, Nigerian banks are struggling to provide it in abundance as demands overshoot supply in...

Business

CBN threatens to withdraw banks’ forex license

The Central Bank of Nigeria (CBN) has threatened to revoke banks’ foreign exchange dealership licenses if they work with International Money Transfer Operators, IMTOs,...

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