CBN, FMDA Launch Nigerian Overnight Financing Rate as New Benchmark for Money Market
Oru Leonard The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), has announced the
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BANKING
NDIC Moves to Conclude Liquidation of 89 Failed Microfinance, Mortgage Banks
Oru Leonard The Nigeria Deposit Insurance Corporation (NDIC), has commenced the process of concluding the liquidation of 89 defunct Microfinance
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CBN Concludes Recapitalisation Drive as Banks Raise ₦4.65 Trillion with 33 Banks
Oru Leonard The Central Bank of Nigeria (CBN), has announced the successful completion of its 24-month banking sector recapitalisation programme,
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CBN Reaffirms Oversight, Assures Stability of Union Bank After Court Ruling
Oru Leonard The Central Bank of Nigeria (CBN), has reaffirmed its regulatory oversight of Union Bank of Nigeria Plc, assuring
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Nigeria’s Banking Sector Strengthens as CBN Reports Progress in Recapitalisation Drive
Oru Leonard The Central Bank of Nigeria (CBN) has announced significant progress in the ongoing recapitalisation programme introduced in 2024
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Bank Recapitalisation Drive Gathers Momentum as Deadline Approaches – Cardoso
Oru Leonard ABUJA — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has affirmed that Nigeria’s banking
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NDIC Declares ₦24.3B Second Liquidation Dividend to Depositors with Balances above Statutory Inaured Limit of ₦5M
Oru Leonard The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of ₦24.3 billion for depositors of
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DEPOSITORS’ REIMBURSEMENT TO RECEIVE MAJOR BOOST AS NDIC, NIBSS SET TO SIGN MOU
Oru Leonard The Nigeria Deposit Insurance Corporation (NDIC), and the Nigeria Inter-Bank Settlement System (NIBSS), Plc. are set to sign
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BNY Mellon and Standard Bank Launch Global Depositary Notes to Boost Access to Nigerian Debt Market
Oru Leonard Bank of New York Mellon Corp. (BNY Mellon) and Standard Bank Group Ltd. have partnered to introduce Global
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Telcos Implement New USSD Billing System in Nigeria
Oru Leonard Telecommunications operators in Nigeria have started implementing a new billing system for Unstructured Supplementary Service Data (USSD) services,
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