Minister tasks banks on credit facilities for SMEs
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called on Nigerian banks to support inclusive growth…
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Banks
Recapitalisation: CBN updates on number of banks that have met requirements
The Central Bank of Nigeria (CBN) has confirmed that 14 banks have so far met the new regulatory capital requirements.
Governor…
FCCPC recovers over N10bn, receives 9,091 complaints against banks, FMCGs,…
The Federal Competition and Consumer Protection Commission (FCCPC) says Nigerian consumers lodged more than 9,000 complaints…
Comply with data protection audit in 21 days or face sanctions, NDPC tells…
The Nigeria Data Protection Commission (NDPC) has given banks, insurance firms, gaming companies, and pension operators 21 days to…
Eight banks have met recapitalisation requirements, others in race to meet…
The Central Bank of Nigeria (CBN) has confirmed that only eight banks have fully met their recapitalisation requirements.
CBN…
Banks lose ₦156billion to bad loans in Q1
Eight Nigerian banks recorded a combined ₦156bn in impairment charges on credit and financial assets in the first quarter of 2025,…
CBN ends COVID-19 forbearance measures, directs banks to provide capital…
The Central Bank of Nigeria (CBN) has issued a coordinated set of transitional measures to guide banks out of the regulatory…
Banks donate to Niger flood victims, pledge long-term support
In a major humanitarian gesture, Nigerian bank chief executive officers (CEOs) donated essential relief materials to support…
“Close all unauthorised tax collection accounts immediately,”…
The Federal Inland Revenue Service (FIRS) has directed banks to shut any tax and levy collection accounts not authorised under its…
Comply with applicable Nigerian, UN sanctions lists, CBN tells Banks
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to comply with applicable Nigerian and…