banks

NDIC raises banks’ deposit insurance coverage to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage for depositors of all licenced deposit-taking financial…

8 hours ago

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

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…

3 weeks ago

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…

4 weeks ago

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…

1 month ago

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…

1 month ago

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…

2 months ago

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…

2 months ago

EFCC chair to banks’ CEOs: Play by rules in fight against corruption

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on the Chief Executive Officers (CEOs)…

2 months ago

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…

4 months ago

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