Banking & Finance
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255Wema Bank Concludes First Tranche of Capital Raising
Wema Bank has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of...
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399No Plan to Revoke Wema, Polaris, Unity, Fidelity Licences –CBN
The Central Bank of Nigeria (CBN) yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema Bank, Polaris...
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199Heritage Bank: NDIC goes after ₦700b Loan Defaulters
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay out insured deposits to depositors of the defunct Heritage Bank...
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231
CBN: No Plans to Revoke Additional Banking Licences
Following the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there...
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220Cardoso Seeks Routine Disclosure of Debt Portfolios
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, yesterday called for routine disclosure of debt portfolios and borrowing activities....
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172Fed 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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182CBN 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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247
NDIC 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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194
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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202
Currency 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...
