High interest rate spread in Nigerian banks could potentially drag the country's economy by 20 to 30 percent, adding more ...
According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian ...
Ahead of the CBN recapitalisation deadline, five commercial banks in Nigeria are looking to raise up to N1 trillion in ...
As the economic woes in Nigeria have been on the increase, so have the loan default rates. The lates CBN survey report shows ...
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has issued a stern warning to commercial banks and Bureau De Change ...
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank ...
Merchant banks in Nigeria play a crucial role in the financial system by offering specialised services like underwriting, ...
Instead, he pointed to a POS operator stationed nearby, ready to facilitate the transaction for a fee. For a ₦16,000 transfer, the POS charge was ₦400 – a shocking leap from the ₦65 banks would ...
Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ...
Nigeria's e-payments surged to a record-breaking N1.07 quadrillion in 2024, driven by the CBN's cashless policy.