FCMB introduces an accelerator initiative aiming to support one million SMEs
First City Monument Bank has initiated an accelerator program aimed at enhancing the skills and fostering the growth of over one million small and...
Directors of banks support the Central Bank of Nigeria’s decision to sell surplus dollars
The Bank Directors Association of Nigeria expresses its support for the Central Bank of Nigeria's directive, urging commercial banks to cease "hoarding" foreign currencies.
In...
CBN implements a revised cash reserve approach
The Central Bank of Nigeria has announced the discontinuation of daily Cash Reserve Ratio debits, opting for an updated Cash Reserve Requirement mechanism.
This strategic...
CBN predicts that the growth of the service sector will be driven by digital lending
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has revealed that in 2024, mobile money and digital lending are expected to spearhead...
Fidelity Bank anticipates facing a litigation-related loss exceeding N1 billion
Fidelity Bank's management anticipates a potential loss of approximately N1.19 billion due to claims and legal proceedings for the fiscal year ending December 2023,...
