Moody's Downgrade Nine Major Nigerian BanksMoody's Investors Service, a global rating agency, has granted lower ratings to nine Nigerian banks. This development follows a recent downgrade of Nigeria's...
The Central Bank of Nigeria (CBN) has issued a release that Bank's Executives will no longer be permitted to hold positions for more than 24 years starting August 1, 2023.This statement was issued to ...
Due to infractions, the Central Bank of Nigeria has dissolved the Union Bank of Nigeria, Keystone Bank, and Polaris Bank boards.This was made public on Wednesday in a statement signed by the acting Di...
Zenith Bank Plc shareholders on Wednesday finally approved the N125bn dividend proposed by the Bank's board of directors. This approval took place at the firm's 33rd Annual General Meeting at the Civi...
Access Bank, Nigeria's biggest lender, has paid the sum of almost $60 million to acquire a stake in Grobank, a South African Bank. Herbert Wigwe, Access Bank's CEO, said on Tuesday that this move...
The names, Bank Verification Numbers (BVNs), and account numbers of clients who accessed foreign exchange under false pretense and refused to return it have been published by some Nigerian banks.This ...
Brief Overview Of The Asian Infrastructure Investment Bank (AIIB) The Asian Infrastructure Investment Bank (AIIB) is a multinational development bank that has the sole mission of building infrastr...
First Republic Bank has been making headlines recently for all the wrong reasons. The bank, which is known for its high-end clientele and exclusive services, has been accused of engaging in discrimina...
Detailed Breakdown:The Central Bank of Nigeria (CBN) has appointed a new board of directors for Polaris Bank, marking a significant step in the bank's governance.Key Appointment: Kassim Gidado has bee...
Trading of Wema Bank Shares have been restricted by NGX Wema Bank Plc, or simply Wema Bank, is a commercial bank based in Nigeria. The Central Bank of Nigeria, the country's banking authority, has...