Browsing: Banks
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.
The combined market value of all top-tier banks declined to N11.7 trillion as investors dumped First Holdco amidst a significant earnings drop.
The Economic and Financial Crimes Commission (EFCC) has indicted a new generation bank, six Fintechs and microfinance banks in major financial scams by allowing fraudsters to launder huge sums of money.
M&A: Numbers of Banks in Nigeria to Shrink in 2026 —DataPro With the deadline for banking industry recapitalisation on the…
Nigerian Top 5 Banks’ Valuation Increases to N12 Trillion GTCO, Zenith, and other top big Nigerian banks’ combined market value…
Naira Drops at Official Window Despite FX Intervention The naira depreciated against the US dollar at the official window despite…
Nigerian Banks Flood CBN with N3.7 Trillion Excess Cash Nigerian commercial banks ended the pre-Christmas period with an unusually large…
Naira Tumbles, FX Shortage Stokes Pressure on Spot Rate The Nigerian local currency, the naira, tumbled against the US dollar…
Naira Softens over Sustained FX Liquidity Tightening The naira softened against the US dollar at the official window as the…