Tag: Commercial Banks

Nigerian banks’ profits drop by N482b as CBN restricts N9.5tr deposits - Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash ...

Nigerian banks announces they’re fully open for Forex needs of customers - Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) ...

Manufacturers Urges Banks Not to Hoard Forex after Nigeria’s central bank Directive - The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly with the Central Bank of ...

Naira falls to new lows As CBN Channels N2.3tn Forex Sales to Commercial Banks - The naira to dollar exchange rate dipped to N505 to one dollar at the parallel market ...