This week it was reported that four (4) deposit money banks in Nigeria had upgraded their banking licenses from regional to national, bringing the total number of banks nationwide to 44, following the...
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Access Bank Plc, a subsidiary of Access Holdings Plc, has announced that it has signed a binding agreement with Kenyan-based KCB Group Plc (KCB) to purchase all of the issued shares of National Bank o...
The completion of a share purchase agreement for the full acquisition of Polaris Bank by Strategic Capital Investment Limited has been officially announced by the Central Bank of Nigeria and ...
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...
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 ...
Wema Bank Plc, known as Nigeria's fifth oldest bank, reported in a recent notice that it plans to seek approvals from its shareholders for measures like mergers and acquisitions, takeovers, and busine...
The World Bank has delayed in approving the long-anticipated $1.5 billion loan for Nigeria as scheduled in August due to concerns raised over reforms, according to people familiar with the matter.The ...
Access Bank Plc has instructed all its customers to repay all their outstanding debts from the Central Bank of Nigeria loan scheme.The directive comes as Access Banks plan to target timely and respons...
What is Bank Reserve? Loans are usually given after a corresponding or overly compensating value of the collateral has been signed in. In like terms, bank reserve refers to the bulk of curre...