Banking

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  Oil firms, banks renegotiate loans amid falling prices

  Buffeted by the decline in global oil prices from a peak of $115 per...

  • Posted January 31, 2015
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  Foreign lenders reduce credit to Nigerian banks

  Indications have emerged that a number of foreign banks have started suspending short and...

  • Posted January 30, 2015
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  Dollar speculation: CBN may suspend banks’ forex licences

  The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday threatened to withdraw...

  • Posted January 29, 2015
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  AMCON finally transfers Mainstreet, Enterprise to Skye, Heritage Banks

  The Asset Management Corporation of Nigeria (AMCON) on Tuesday officially transferred the ownership of...

  • Posted January 29, 2015
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  Banks get N192.6bn discount from NDIC

  The Nigeria Deposit Insurance Corporation said on Sunday that N192.6bn had been granted as...

  • Posted January 27, 2015
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  BoI signs MoU on SME Financing with Banks

  The Bank of Industry (BoI) has signed a memorandum of understanding (MoU) with Ecobank...

  • Posted January 27, 2015
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  CBN raises BDCs’ weekly dollar supply to $30,000, stems naira’s free fall

  In line with its resolve to calm the strong volatility observed in the forex...

  • Posted January 25, 2015
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  Oil slump: Banks face financial distress

  Falling oil price, which is expected to hit the economy harder later in the...

  • Posted January 25, 2015
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  UBA to expand operations to Angola, South Africa

  The United Bank for Africa Plc (UBA) plans to expand to Angola and South...

  • Posted January 24, 2015
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  CBN raises banks’ net Forex trading position to 0.5%

  The Central Bank of Nigeria (CBN) has once more reviewed upward the net foreign...

  • Posted January 24, 2015
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