MONEY MARKET

Banks deposit N5.2trn at 26.50 percent interest amid liquidity crunch

IN a surprising move that underscores the complexity of Nigeria’s monetary environment, Nigerian banks deposited a total of ₦5.2 trillion…

4 weeks ago

Top 10 performing stockbrokers valued at N1.472trn in Q1 2025

THE Nigerian stock market kicked off 2025 with strong momentum, as the top 10 performing stockbroking firms on the Nigerian…

4 weeks ago

NEXIM Bank, EFCC partner to tackle financial crimes in banking

THE Nigerian Export-Import Bank (NEXIM Bank) and the Economic and Financial Crimes Commission (EFCC) have entered into a strategic partnership…

4 weeks ago

More private placement exercise characterise recapitalisation

THE recapitalisation process in Nigeria’s banking sector has been marked by a surge in private placement exercises, as financial institutions…

1 month ago

Former CBN deputy governor charges banks on innovation

.CIBN Inducts 1,270 Professionals AT the Chartered Institute of Bankers of Nigeria’s (CIBN) annual induction and prize awards ceremony, former…

1 month ago

Banks turn to commercial papers amidst increasing deposit costs, high CR policies

NIGERIAN banks are increasingly relying on costly short-term commercial papers (CPs) to address liquidity challenges as the Central Bank of…

1 month ago

Sound regulatory oversight keeps banking sector strong —Cardoso

THE Nigerian banking sector has demonstrated remarkable resilience and stability, thanks to the effective regulatory oversight provided by the Central…

1 month ago

How Zenith Bank distributed N10.99trn loans across sectors of Nigerian economy

IN a demonstration of its commitment to supporting the growth and development of the Nigerian economy, Zenith Bank has disbursed…

1 month ago

RMB reinforces market confidence, investment opportunities at roadshow

RAND Merchant Bank (RMB), a prominent corporate and investment bank in Africa, recently conducted a series of high-level meetings in…

1 month ago

Five Nigerian banks make progress in recapitalisation efforts

FIVE major Nigerian banks have made progress in their recapitalization efforts, moving closer to meeting the Central Bank of Nigeria's…

1 month ago

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