Banking

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent…

2 weeks ago

2030: World Bank, AfDB partner to connect 300m Africans to electricity

The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least…

2 weeks ago

2023 results: Zenith Bank achieves milestones in earnings, profit, deposit, assets

Zenith Bank Plc has achieved a remarkable triple-digit growth of 125% in gross earnings from N945.6 billion reported in 2022…

3 weeks ago

UBA profit hits N758bn, assets rise to N20.65trn

The United Bank for Africa (UBA) Plc has recorded N758 billion profit in the full year which ended on December…

4 weeks ago

GTCO posts N609.3bn profit, CEO speaks on success

Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended…

4 weeks ago

Zenith Bank’s assets hit N20.4trn, lender posts N795.9bn profit

Zenith Bank Plc has declared that its total assets increase to N20.368 trillion in the year 2023. The Company Secretary…

4 weeks ago

CBN bans foreign currencies as collateral for naira loans

The Central Bank of Nigeria (CBN) has directed all banks in the country to stop the use of foreign currencies…

4 weeks ago

CBN sells $10,000 to BDC operators at N1,101/$

The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 to 1,588 eligible Bureau De Change (BDC) operators…

4 weeks ago

CIBN records N1.37bn profit, elects Pius Olanrewaju as president

The Chartered Institute of Bankers of Nigeria (CIBN) has announced a net operating surplus of N1.37 billion for 2023, marking…

4 weeks ago

FirstBank rewards customers with N170m, millionaires emerge

FirstBank of Nigeria Limited has rewarded six of its customers with N1 million each at the fourth and grand finale…

1 month ago

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