Banks

President Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Bank of Industry Limited: (1) Dr. Mansur Muhtar, OFR, -- Chairman (2) Dr. Olasupo Olusi -- Managing…

The Federal Government plans to implement a 50% tax on the profits banks earn from foreign exchange revaluation in 2023. President Bola Tinubu has submitted proposed changes to the 2023 Finance Act to the National Assembly for…

The CBN unequivocally states that the allegations are false and intended to trigger panic in the financial system. The Central Bank of Nigeria has said it has no plan to revoke the licences of more Deposit Money Banks.…

The Central Bank of Nigeria (CBN) hereby extends the suspension of the processing fees of 2% and 3% previously charged on al cash deposits above these thresholds until September 30, 2024. Consequently, all financial…

Following the strategy to curb the fear of the unknown, the Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions. This was announced bt the…

...says Banks is to issue new National ID Card. This was disclosed in a statement released and signed by Head of Corporate Communications, Kayode Adegoke on Friday, saying that the Commission confirms the single card with GMPC…

The Central Bank of Nigeria,CBN has currently reviews capital requirement for banks, raises from N25billion to N500billion for banks with international authorization. ...see attached details to clear your doubt👇

The Central Bank of Nigeria (CBN) has frowned against the Late and Non-Rendition of Statutory Monthly Returns to the Central Bank of Nigeria through the Fina Application. ...for more details find atrached or…

Introduction Third-world countries, such as Nigeria, face challenges in financial inclusion. Sustainable technology presents an opportunity to revolutionise banking operations. Current Challenges in…

The Central Bank of Nigeria, CBN has appointed New Executives for the three embattled banks namely; Union Bank, Keystone Bank, and Polaris Bank. This was disclosed in a statement issued and signed by the Acting Director,…