Banking

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  FCMB, Diamond Banks plan fresh capital raising

  Diamond Bank Plc and First City Monument Bank Limited (FCMB) have disclosed plans to...

  • Posted August 5, 2016
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  Cheques can now be paid into savings accounts – CBN

  The Central Bank of Nigeria on Tuesday released four new guidelines for the banking...

  • Posted August 4, 2016
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  Wema Bank plans N20bn bond issue this month

  Wema Bank Plc, which aims to expand its branch network this year, is planning...

  • Posted August 3, 2016
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  CBN to mop up N245bn as cost of funds falls by 50%

  The Central Bank of Nigeria (CBN) will this week mop up N245 billion from...

  • Posted August 2, 2016
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  Skye Bank gets N100bn CBN lifeline

  Skye Bank Plc has received over N100bn in liquidity from the Central Bank of...

  • Posted July 31, 2016
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  Rising interest rate will worsen Nigerian banks’ woes – Fitch

  Nigerian banks are likely to face more challenges as the nation’s benchmark interest rate...

  • Posted July 31, 2016
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  MPR: Banks raise interest rates on existing loans

  Bank customers with existing loan obligations must brace for higher levels of indebtedness as...

  • Posted July 30, 2016
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  CBN orders banks to provide for forex loans

  The Central Bank of Nigeria has ordered Deposit Money Banks to make full provision...

  • Posted July 29, 2016
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  CBN raises interest rate to 14%, warns banks

  Against expectations of financial analysts that the Monetary Policy Rate would remain unchanged at...

  • Posted July 28, 2016
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  CBN orders banks to publish all forex transactions on FMDQ

  The Central Bank of Nigeria (CBN) has ordered banks to publish details of all...

  • Posted July 27, 2016
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