Nigerian banks

CBN gives banks ultimatum to support SMEs

Mr Godwin Emefiele, the Governor of CBN, says the apex bank may not release funds…

Nigeria cuts interest rate, first in six years

Nigeria's Central Bank has cut the benchmark interest rate to 11 percent from 13 percent.…

3 Nigerian banks fail capital adequacy tests

Nigeria's central bank has given three commercial banks until June 2016 to recapitalise after they…

Bank workers union says no job cuts over TSA

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) on Wednesday warned…

Insight: 5 well-kept secrets of Nigerian banks

Jude Fejokwu After reviewing Nigerian banks over the years and up to the half-way mark…

CBN shores up Nigerian banks by injecting liquidity

Nigeria's central bank loosened monetary policy on Tuesday by injecting liquidity into banks, in a…

Emefiele calms nervous banks over TSA, Naira value

*In an interview with Reuters Nigerian central bank Governor Godwin Emefiele ruled out a naira…

Nigeria’s interbank market frozen as TSA takes effect

Nigerian banks made no bids on the interbank money market on Tuesday as they awaited…

Revealed: Nigerian banks owing FIRS, Customs N12billion

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has demanded the immediate return of over…

CBN formally stops foreign currency deposits in banks

The Central Bank of Nigeria (CBN), on Wednesday formally asked deposit money banks to stop…