Banking

CBN pegs minimum capital base For banks at N500bn

The Central Bank of Nigeria (CBN) has put the minimum capital base for commercial banks with international authorisation at N500…

2 years ago

CBN raises interest rate to 24.75%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) by 200 basis points to 24.75 per…

2 years ago

CBN orders BDCs to sell dollar at N1,269

The Central Bank of Nigeria (CBN) has directed each Bureau de Change (BDC) operator to sell dollars to eligible customers…

2 years ago

Diamond Foundation lauds Umeoji’s appointment as Zenith Bank CEO

The Diamond Lady Family Support Foundation has lauded Dr. Adaora Umeoji on her appointment as the Group Managing Director and…

2 years ago

Ecobank appoints top executives to drive GTR strategy

Ecobank Group, a pan-African financial services organisation, has appointed key executives to strengthen its leadership and effectively drive its Growth, Transformation and…

2 years ago

NPA targets N629bn revenue in 2024, seeks N200bn Afrexim loan

The Nigerian Ports Authority (NPA) has projected a revenue of N629.89 billion for 2024. The agency is however seeking for…

2 years ago

FBN Holdings appoints 5 directors as Otedola takes charge as chairman

First Bank of Nigeria (FBN) Holdings Plc has appointed three new directors for the HoldCo and two others for the…

2 years ago

Hardship: Fidelity Bank donates 3,000 food packs to Zamfara community

In its bid to cushion hardship among the less privileged, the Zamfara State branch of Fidelity Bank Plc has distributed…

2 years ago

CBN settles FX transactions, clears $7bn backlogs

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of $7 billion. This was disclosed by…

2 years ago

Access Bank acquires National Bank of Kenya

Access Bank Plc and KCB Group Plc on Wednesday, March 20, 2024 signed a binding agreement to acquire 100 per…

2 years ago

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