banks

FIRS to banks: Close all unauthorised tax collection accounts now

The Federal Inland Revenue Service (FIRS) has directed banks to immediately identify and shut down any unauthorised tax and levy…

3 days ago

Banks’ recapitalisation drive sees progress as of April 25

NIGERIA’S banking sector has recorded encouraging developments in its ongoing recapitalisation efforts as of April 25, 2025. The Central Bank…

4 days ago

CBN: Aligning banks’ recapitalisation with monetary, fiscal policies, FG’s economic vision

In this piece, JOSEPH INOKOTONG reports how the Central Bank of Nigeria (CBN’s) banks’ recapitalization aligns monetary, fiscal policies with…

2 weeks ago

CBN urges banks to prioritise value, transparency for Nigerian consumers

The Central Bank of Nigeria (CBN) has called on banks to deliver better value and ensure greater transparency in their…

2 weeks ago

Banks in mixed stages of recapitalisation efforts

NIGERIA’S banking sector is experiencing a wave of recapitalisation activities as lenders respond to the Central Bank of Nigeria’s (CBN)…

3 weeks ago

US tariff threatens margins of Nigerian banks’ trade finance —AfDB

US President Donald Trump’s proposed 14 percent tariff on Nigerian exports such as cocoa, fertilisers, and ginger could significantly erode…

3 weeks ago

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

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

All banks remain safe, sound, NDIC assures customers

The Nigeria Deposit Insurance Corporation (NDIC) has urged members of the public to continue their banking activities without fear, assuring…

1 month ago

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