Business
Non-Performing Loans in Nigerian Banks Hit 5.1% – World Bank
The World Bank’s latest report reveals Nigerian banks’ non-performing loans have reached 5.1%, surpassing the prudential benchmark
25 October 2024
Tag: Banking
Business
Kuda Secures PSP Licence in Tanzania, Expands Remittance Services
Kuda has obtained a Payment Service Provider (PSP) licence in Tanzania, enabling affordable cross-border payments
12 October 2024
Breaking News
New Bill in Nigeria Mandates Tax Identification Number (TIN) for Banking and Financial Services
A proposed bill in Nigeria requires individuals in banking, insurance, and financial services to provide a Tax Identification Number (TIN) for account operations
12 October 2024
Business
CBN Reaffirms Commitment to Financial Stability and Secure Deposits
The Central Bank of Nigeria (CBN) reassures Nigerians of the stability and security of financial system, ensuring all bank deposits are safe
11 October 2024
Business
Zenith Bank Apologizes for Service Disruptions Amid IT Software Upgrade
Zenith Bank addresses recent service disruptions due to an IT software upgrade confirms that transactions can now be processed on its platform
4 October 2024
Business
Otedola Consolidates Stake in FBNH with 534 Million Shares
Otedola acquires an additional 534 million shares in FBN Holdings, increasing his stake to 13.2% of the bank’s outstanding shares,
28 September 2024
Business
Sterling Financial Holdings Set to Finalise US$50m Recapitalisation
Sterling Financial Holdings Company Plc raises US$50m for recapitalisation through private placement, reinforcing investor confidence in its growth strategy and sector-leading innovation.
21 September 2024
Business
CBN Imposes Cash Withdrawal Limits
Central Bank of Nigeria’s (CBN) newly imposed cash withdrawal limits, their implications for individuals and businesses
3 September 2024
Business
Stock Sales Rises By 44% As Banks Grind Towards Recapitalization
Banks such as Access Bank, Guaranteed Trust Bank and Fidelity bank have concluded their recapitalization exercise having raised the N500 billion
27 August 2024
Business
Zenith bank hybrid offer, an invaluable opportunity for investors
Zenith bank has demonstrated a steady growth, uncommon resilience, robost operational capabilities, managerial competence and a solid track record.
10 August 2024
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