Browsing: Banks

As the March 31 deadline for the bank recapitalisation exercise of the Central Bank of Nigeria (CBN) draws near, the apex bank says 30 banks have met the new capital requirements.

Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary policy rate (MPR).

Banks Boost Financial System Liquidity Ahead of OMO Debit Banks’ placement at the Central Bank of Nigeria (CBN) Standing Lending…

20 Banks Ready for Recapitalisation, Meet New Minimum Capital Requirements – Cardoso The Central Bank of Nigeria (CBN) says 20…

Tier-1 banks: GTCO, Zenith, First Holdco, UBA, and Access Plc added N778 billion to their combined market value (MV) in the Nigerian stock market as investors stepped up actions.

Banks Place N4.6trn with CBN Amidst Weak Loan Appetite Nigerian deposit money banks (DMBs) stepped up their placements with the…

A flood of inflow from expired investment securities, amid zero liquidity mop-up, drove excess liquidity in the money market higher last week. 

Emefiele: Banks Hoarded Redesigned Naira – EFCC Witness An Economic and Financial Crimes Commission (EFCC) witness on Tuesday told an…

The total deposits by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) rose to N2.52 trillion on Monday, reinforcing strong liquidity in the market.

Nigerian banks will continue to face asset quality challenges following the total forbearance shutdown by the Central Bank in 2025, S&P acknowledged in a new report.