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Nigeria’s high interest rate spread seen dragging GDP by 30%
High interest rate spread in Nigerian banks could potentially drag the country's economy by 20 to 30 percent, adding more ...
Legit on MSN
17 小时
Revealed! Nigerian banks activate 102 million bank accounts in one year
According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian ...
Legit on MSN
21 小时
See five Nigerian banks rushing to meet CBN recapitalisation deadline
Ahead of the CBN recapitalisation deadline, five commercial banks in Nigeria are looking to raise up to N1 trillion in ...
Legit on MSN
17 小时
Nigerian Banks See Surge in Loan Defaults Amid Economic Hardship
As the economic woes in Nigeria have been on the increase, so have the loan default rates. The lates CBN survey report shows ...
Daily Post Nigeria on MSN
1 天
Cardoso warns Nigerian banks, BDC operators over FX Code compliance
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has issued a stern warning to commercial banks and Bureau De Change ...
Nairametrics
1 天
Active bank accounts in Nigeria rise to 311.6 million in December 2024—NIBSS
The latest data released by the Nigeria Inter-Bank Settlement System (NIBSS), has revealed that the number of active bank ...
LEADERSHIP Newspaper
10 天
Assessing Merchant Banks’ Survival In Volatile Nigeria’s Market
Merchant banks in Nigeria play a crucial role in the financial system by offering specialised services like underwriting, ...
TheCable
2 天
POS economy: How Nigeria’s banks and operators profit off cash scarcity
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 ...
7 天
Nigeria's central bank says GDP to grow 4.17% in 2025, inflation to ease
Nigeria's central bank expects the economy to expand by 4.17% this year, Governor Olayemi Cardoso said on Thursday, driven by ...
Okay Nigeria
1 天
Nigeria E-Payments Hit Quadrillion Naira Milestone in 2024
Nigeria's e-payments surged to a record-breaking N1.07 quadrillion in 2024, driven by the CBN's cashless policy.
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