BANKING

Nigeria's retail currency operators will not be able to buy dollars from the interbank market, the central bank said in unveiling new rules on Wednesday. The central bank said it...

The Central Bank of Nigeria (CBN) has licensed two new deposit money banks with regional authorization. The two banks located in Victoria Island, Lagos include Suntrust Bank Nigeria limited and ...

The Central Bank of Nigeria has just released its updated official list of all Deposit Money Banks in Nigeria. The latest list includes two new commercial banks, Providus and Sunburst...

Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN). The central bank disclosed this in a circular posted on...

Zenith bank international have suspended use of naira debit card (ATM Card) for international transactions. A mail sent to the bank's customers indicates that the restriction is effective from Monday...

Skye Bank Plc has said it will showcase to exhibitors and members of the public its array of retail and e-payment products at the ‘Card Expo Africa 2016’ holding in...

A cleaner, Sodiq Oyetunde, who was found in possession of 15 leaves of signed banks’ cheques, was on Monday charged before a Tinubu Magistrates’ Court in Lagos. Oyetunde, 35, who...

Amidst intensified anti-corruption siege on banks by the Economic and Financial Crimes Commission, EFCC, Bureaux de Change, BDCs, may have come under severe vetting by the banks with indications that...

Any time this week, which analysts believe may be Friday, when the Central Bank of Nigeria usually takes bids from authorised dealers of foreign exchange, the apex bank will unveil...

The harsh economic conditions facing the country have led to a drastic reduction in customers’ deposits in banks with the industry recording a decline of about N1.03tn in total deposit,...