Browsing: Nigerian Banks

Banks’ activities at the Standing Deposit Facility (SDF) of the Central Bank of Nigeria (CBN) increased 60% to N4.15 trillion, according to market reports obtained by MarketForces Africa.

GCR Ratings (GCR) has upgraded Globus Bank Limited’s national scale long- and short-term issuer ratings

All Fitch-rated licenced Nigerian banks have met the new paid-in capital requirements effective from end-1Q26, as have the majority of non-rated banks, Fitch says.

Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.

Nigerian deposit money banks with exposure to foreign loans are expected to settle $1.7 billion Eurobonds that will expire in 2026, according to a non-rating commentary note released by Fitch.

With deposit money banks (DMBs) sustaining activity in the Standing Deposit Facility (SDF), financial system conditions continue to improve in the absence of open market operations and other primary market actions thus far this week.

Nigerian Banks Ready to Exit Longstanding Forbearance The vast majority of Nigerian banks are expected to exit longstanding forbearance by…

Nigerian Banks Drive Intraday Momentum in Equities Market The Nigerian Exchange (NGX) is tracking higher sharply during the intraday trading…

Nigeria’s Banking Sector Stable, CBN Reassures Nigerians The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders…

M&A Possibility Reduces as Nigerian Banks Progress Towards New Capital –Fitch Nigerian banks are making significant progress in raising core…