Browsing: Banks

CBN, Banks, NIBBS others open for business during COVID-19 Lockdown. The Central Bank of Nigeria (CBN) says the apex bank and other financial institutions will open for business in spite the two weeks lockdown declared by President Muhammadu Buhari in Abuja, Lagos and Ogun states.

CBN plays soft on devaluation, says it is adjustment of price. The Central Bank of Nigeria has clarified that it did not devalued the local currency, Naira.

MPC raises Cash Reserve Ratio by 500 basis points. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Cash Reserve Ratio by 500 basis points to 27.5%.

Fitch downgrade SSA Banks outlook, cites rising regulatory risk in Nigeria

The Central Bank of Nigeria https://www.cbn.gov.ng/ has directed deposit money banks (DMBs) to reduce automatic teller machine (ATM) charges to N35 from N65 effectively from January, 2020.

Deposit Money Banks with significant investment in fixed interest earnings assets may be faced with another margin-dilutive pressure as analysts stressed that yield on Treasury bills instrument would sag strongly in the fourth quarter of financial year 2019.

Analysis of statements of financial position of Tier-I banks shows that their combined assets hit N26.797 trillion

Fidelity Bank supports financial inclusion drive with N120m promo

CBN raise loan as proportion of banks’ deposits to 65%

Banks credits to private sector hit N15.1 trillion, NPL settles at 9.3%