Banks not receiving new Naira notes
•Struggle to meet customers’ demands Nigerians, who are eager to transact with the new Naira notes, may have to wait for a while as the […]
Banks
‘Banks not shutting down for elections’
Banks will remain open during the normal working days and channels of operations will be available throughout the week. Reacting to a trending social media […]
Lagos partners four banks on rice processing
Lagos State government is partnering four banks to ensure its 32 tonnes per hour rice processing mill has enough supply of paddies to process for consumption […]
Fallout of naira scarcity: Banks shut down branches as state governments offer reliefs
Naira scarcity has taken a bitter twist with most banks shutting their doors against customers following attacks on facilities. Ibrahim Apekhade Yusuf, Sunny Nwankwo and […]
Wema Bank’s N17.7b Series II Bond rating upgraded to ‘Bbb+’
Ratings agency, Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s Series II Bond to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. […]
Banks beef up security against customers’ attacks
Four days to the expiration of the deadline set by the Central Bank of Nigeria for the old N1,000, N500 and N200 notes to cease […]
Borno opens microfinance banks in LGAs
To beat the deadline for the stoppage of old naira notes, the Borno State government has established emergency microfinance banks in 25 of the 27 […]
Cash withdrawal limit vs Banks Neutral Cash Hubs
The Central Bank of Nigeria (CBN) and Bankers’ Committee recently directed Deposit Money Banks and licensed processing firms to establish Banks Neutral Cash Hubs to […]
Agusto upgrades Wema Bank’s N17.7b Series II Bond to ‘Bbb+’
Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s Series II Bond to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ […]
Banks’ quest for contactless payment enters new phase
The ongoing adoption of the Nigeria Quick Response (NQR) code by banks to enable merchants and other e-users make payments for goods and services without […]