By Dipo Olowookere The Central Bank of Nigeria (CBN) last week unveiled draft guidelines stipulating minimum requirements for enhancing cyber-security in the financial sector. In a...
By Dipo Olowookere Deposit Money Banks (DMBs) operating in the country have been directed to keep at least N1 billion collateral in form of government securities...
By Modupe Gbadeyanka Renowned global credit rating company, Moody’s, has warned that the earnings and Non-Performing Loans (NPLs) of banks operating in Nigeria are still under...
By Dipo Olowookere Transactions worth N32.48 trillion were recorded by the banking sector in Nigeria in the first quarter of 2018. This information was revealed by...
**Banks May Lose Business to Fintech In recent times, there have been concerns raised about the status of midsized banks operating in Nigeria. Last month, Fitch...
By Modupe Gbadeyanka Last week, the Central Bank of Nigeria (CBN) announced a new policy for lenders listed on the Nigerian Stock Exchange (NSE) on the...
By Modupe Gbadeyanka Banks operating in Nigeria may suffer a drop in their profit in the first quarter of 2018 as a result in the slowdown...
By Dipo Olowookere A total volume of 213,693,964 transactions valued at N19.33 trillion were recorded in the Nigerian banking sector in the third quarter of 2017,...
By Dipo Olowookere The ‘big five’ banks in Nigeria; First Bank, UBA, GTBank, Access Bank and Zenith Bank under the nickname FUGAZ, generated nearly N2 trillion...
By Modupe Gbadeyanka The need for deposit money banks (DMBs) operating in Nigeria to raise fresh funds to boost their capital adequacy ratios (CARs) otherwise known...
