CBN - Central Bank Of Nigeria
SMEDAN obtains N6bn low-interest rate loans for small business owners as banks Issue new rates
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed an agreement with Bank of Industry and Sterling for a single-digit interest loan
Soludo speaks on battles faced during consolidation of Nigeria's banking sector
Charles Soludo, the governor of Anambra, remarked that the consolidation of Nigeria's banking sector has permanently altered the system after several battles.
CAC announces new deadline for POS registration, banks get instruction to block accounts
The CAC extends the deadline for PoS operators to register their businesses to August 31. Non-compliance may result in account suspension or closure.
“Apply dissuasive sanctions”: CBN gives order to bank as customers raise alarm over cash limit
The CBN directed banks to do more thorough background checks on all agents associated with their organizations to ensure compliance with current regulations.
Full list: CBN releases interest rates on customers’ savings accounts for access, UBA, GTB, others
The Central Bank of Nigeria (CBN) has released the latest savings interest rates for Nigerian banks, which include Fidelity Bank, and Guaranty Trust Bank.
“Following CAC’s Directive”: PalmPay announces date to freeze PoS accounts of operators
To prevent their accounts from being frozen, all point-of-sale businesses using PalmPay's platform will need to register with the Corporate Affairs Commission.
Nigerian banks search for cash, rush to CBN, borrow over N1trn in hours
Commercial banks are facing a liquidity shortage following the CBN decision on monetary policy, leaving banks with the need to borrow more for operations.
Naira crashes at CBN official market, traders sell US dollar at new exchange rate
Nigerian currency, the naira has depreciated in value against the United States dollar again leaving the Central Bank of Nigeria with more headache.
Full list: Access 1st, Zenith 2nd, others lead tier I banks as Fidelity tops tier II in 2024
In 2024, Tier 1 Banks were determined by the Proshare Bank Strength Index (PBSI) to be Access Corp, Zenith Bank, FBNH, ETI, UBA, and GTCO based on their financials.
CBN - Central Bank Of Nigeria
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