Godwin Emfiele, the governor of the central bank, said that the eNaira currency impacts commercial banks, especially when customers transfer funds to their eNaira wallets from their bank accounts....
As the economic rebound gives way to a potential recession, big U.S. banks' second quarter profits are anticipated to decline dramatically from a year earlier on increasing loan loss reserves. ...
The Central Bank of Nigeria (CBN) of Nigeria has released guidelines for enhanced cyber security in the Nigerian financial industry, particularly among the Other Financial Institutions (OFIs). ...
The value of 14 listed banks decreased by N134 billion in the first half (H1) of 2022 due to investors' continued apathy and divestment from banking equities at the Nigerian Exchange Limited (NGX)...
Zenith Bank Plc was founded in May 1990 and started running as a commercial bank in July of the same year. Following a very successful initial public offering, the Bank was transformed into a public...
According to reports, MTN Telecommunications sued 18 Nigerian banks over a mobile money fraud that cost them $22.3 billion ($53.7 million). MTN claims that its newly registered mobile money ...
The Central Bank of Nigeria has fined three Nigerian commercial banks a sum of N800 million for failing to adjust to regulations forbidding consumers from transacting in cryptocurrencies. Accor...
The NGX finished off on an optimistic statement amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 19 basis points. The NGX ASI finished off at 46,777.37 p...
The Nigerian Stock Market All Share Index ended March with a negative return of 0.91, reversing back-to-back advances in January and February. This is also the fifth year in a row that the stock m...
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by 4.20% to close at N2.57 trillion as of 25th of March, 2022, as investors in these banks lost...