Tag: banks
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 to 50 per cent.
This...
Stock market drops over sell-offs in banks, others
The domestic stock market opened the trading week on Monday, April 8, 2024, on a bearish note due to sell pressure in Tier-one banking...
Investors lose N190bn in stock market as banks experience sell-offs
Sell-offs in the shares of Tier-one banks on Wednesday, April 3, 2024, contributed to a 0.32 per cent decline in the Nigerian Exchange Limited...
MTN, banks’ stocks raise equity market gains by N157bn
Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, on Thursday, March 28, 2024, further raised the equity market higher by...
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 billion.
The CBN directed all...
Customers storm banks over NIN-BVN linkage
Scores of customers, on Tuesday, March 5, 2024, stormed banks in Ibadan, the Oyo State capital, to link their National Identification Number (NIN) to...
Investors lose N720bn as Tier-1 banks’ selloffs persist
The value of transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday, February 28, 2024 further declined by 4.80 per cent due to sustained...
EFCC chair to banks’ CEOs: Play by rules in fight against...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on the Chief Executive Officers (CEOs) of banks across the...
CBN vows to prosecute forex defaulters, settles $2bn liabilities
The Central Bank of Nigeria (CBN) has vowed to enforce appropriate sanctions on forex defaulters.
The apex bank declared that it is collaborating with relevant...
Naira scarcity: Nigerians groan as banks, PoS operators trade blame
Some residents of Ibadan, the Oyo State capital, have decried the persistent scarcity of naira notes, as banks and Point of Sale (PoS) operators...
