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Commercial banks in Nigeria have stepped up their borrowing spree from the Central Bank of Nigeria via the Standing Lending Credit Facility (SLF).

An anonymous reader has asked for advice from a Legit.ng expert on how to receive funds from abroad after he requested financial assistance from a friend.

The Nigerian Exchange Limited (NGX) has slammed a N76.8 million naira fine on FBN Holdings Plc, Sterling Financial Holdings, and seven others over financial reports.

Banks in Nigeria borrowed N3 trillion from the Central Bank of Nigeria in the first three weeks of June 2024 to bridge their funding gap, new CBN data shows.

A new report has revealed the best-performing banks in Nigeria with excellent Return on Equity (RoE), with GTBank and UBA leading the pack in the country.

United Bank of Africa, one of Nigeria's commercial banks, has announced job vacancies for qualified graduates from Africa to join its expanding team.

GTBank has dragged over 60 top officials from 13 commercial banks to court over an ongoing lawsuit involving it and AFEX regarding a N17 billion loan.

Nigerian banks, including United Bank of Africa, Access Bank, Zenith, and others, have sent messages to their customers announcing the closure of branches.

Commercial banks and other financial institutions have cut down on their borrowing from the Central Bank of Nigeria by 10.6% to N10.9 trillion in May 2024.
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