Banks

NDIC assures Nigerians of banks’ safety

Banks are the most ideal place to keep your money, the Managing Director of the Nigeria Deposit Insurance Corporation, Bello…

3 years ago

Youth group urges banks to improve electronic banking services

The National Youth Council of Nigeria (NYCN), Nasarawa State chapter, has called on commercial banks to improve their electronic banking…

3 years ago

Nigerian banks may default in foreign loans repayment —Moody’s

The rating agency, Moody’s Investors Service, on Thursday stated that Nigerian banks may not defer the repayment of foreign loans…

3 years ago

Nigerian banks sacked 1,936 workers in 2021, says NBS report

Deposit Money Banks in Nigeria sacked a total of 1,936 workers in 2021, the latest report from the National Bureau…

4 years ago

FX scarcity, Holdco structure adoption drag tier 1 banks’ shares down

The scarcity of foreign exchange in Nigeria and the adoption of holding company structure by some listed lenders have been…

4 years ago

ICT firms’ borrowing rate in Nigeria soars

Loans obtained by Information, Communication and Technology firms from banks in Nigeria, have risen steadily, month on month from N952.06bn…

4 years ago

ThriveAgric raises $56.4m debt funding, accelerates pan-African expansion plans

ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors. The…

4 years ago

“We have enough money to pay depositors of distressed banks,” says NDIC

The Nigerian Deposit Insurance Corporation(NDIC) says it will pay depositors whose monies are trapped in 23 distressed banks. Bello Hassan,…

4 years ago

FRC reviews NNPC, banks financial statements

The Executive Secretary, Financial Reporting Council of Nigeria, Ambassador Shuaibu Ahmed, has disclosed that the Council has commenced the review…

5 years ago

Banks loan-to-deposit ratio still below regulatory threshold

The average loan-to-deposit ratio of the Nigerian banking industry is still below the 65% regulatory benchmark set by the Central…

5 years ago

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