25 banks’ profits drop by N482b as CBN restricts N9.5tr deposits
Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 months over N9.5 trillion cash restriction policy implemented by the Central
Category : Banking
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About Banking News Today
The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
This is the major reason why we keep everyone updated on the recent happenings in the financial industry.
ASSBIFI: 80% of financial sector workers are casual
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has raised the alarm that over 80 per cent workers in the financial
Access Bank, Zenith, eight others record 329,496 unresolved complaints in 12 months
Within a period of one year spanning January 1 to December 31 2020, 10 top banks in Nigeria recorded a total of 329,496 unresolved customer
Iree banks’ robberies: Police trail robbers, confirm death of constabulary
The Osun Police Command says it is on the trail of the armed robbers that attacked two commercial banks in Iree, Boripe Local Government Area
CBN refunds Nigerians N82b for failed bank transactions
Reprieve may have come the way of commercial bank customers, as the Central Bank of Nigeria (CBN) has facilitated their repayment of N82.2 billion for
Nigeria Gets $3.35bn in IMF’s Historic $650bn SDR Allocation
The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about
Nigerians trade N14.76bn bitcoin in one month
Nigerians traded N14.76bn in bitcoin volume in July, according to data analysed from www.usefultulips.org. Useful Tulips aggregates trading volume from LocalBitcoins and Paxful trading platforms.
Zenith Bank GMD canvasses increased impact investing in Africa
Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact-investing in Africa to enable the continent achieve its full
Private sector growth in Nigeria slowed in June – Report
The Stanbic IBTC Purchasing Managers Index has shown that the private sector growth in Nigeria moderated as headline PMI went down from 54.4 in May
As economy bleeds, banks’ profitability soars
The global economy, in the past year, buckled under the burden of the coronavirus pandemic. From Europe to America, the numbers have been in the
