Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According...
Nigeria Deposit Insurance Corporation (NDIC) said yesterday it would soon extend its Deposit Insurance Scheme (DIS) course to other higher institutions of learning. Mrs Christiana Efabor,...
The financial markets appear to have commenced trading for the new week under a mixed cloud, as both the constant headlines over the EU referendum outcome...
Central Bank of Nigeria’s (CBN) Financial System Stability (FSS) report has revealed that 50 customers owe commercial banks the sum of N5.23 trillion, representing 33.4 per...
Nearly everyone is complaining about how their income and finances are being affected by the economic recession. Food stuff and household items have tripled in price...
Nigerian pension funds have been selling equities and shifting to local bonds despite cheap valuations as illiquid currency markets limit foreign participation in the stock market....
Nigeria’s central bank has set commercial banks’ investment in Islamic bonds issued by state governments to 10 percent of the total amount on offer and fixed...
The House of Representatives yesterday resolved to investigate the N65 being charged customers by commercial banks for Automated Transaction Machine (ATMs) The house directed its Committee...
RedCloud Technologies, an enterprise software provider of leading mobile financial services technology has signed an agreement with Innovectives LLC to deploy its Cloud Based solution for...
Members of the House of Representatives were yesterday divided over whether or not Mr. Godwin Emefiele, governor of Central Bank of Nigeria (CBN), should be sacked,...