Banking & Finance
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152Fed Govt Offers ₦1b Business Loan at 9% Interest Rate
The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers,...
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172CBN Lifts Embargo on Fintechs Onboarding New Customers
The Central Bank of Nigeria (CBN) has lifted the embargo placed on fintechs which prevented them from onboarding new customers. Announcing the development...
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224NDIC Commences Liquidation of Heritage Bank
Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024...
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167
Central Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
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174Currency Outside Banks Reverses Upward Trend, Falls by ₦27b
Currency Outside Banks (CoB) fell month-on-month (MoM) by N27.5 billion or 0.55 percent to N3.6 trillion in April from N3.627 trillion in...
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102CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters of new...
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64
CBN Withdraws Circular on Cybersecurity Levy
The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy...
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112NDIC Secures Order to Wind Up 96 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it has obtained Winding up Orders for 96 out of 183 Micro Finance and...
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89CBN Grants Approval to 14 Money Transfer Operators
The Central Bank of Nigeria has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money...
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70CREDICORP Engages Banks on Consumer Credit Initiative
Hopes for businesses in Nigeria to access credit brightened recently, as the Consumer Credit Corporation (CREDICORP) is engaging with Nigeria’s lending ecosystem to...
