Like a vulture, the banking industry continues to feast on a bleeding economy, with the latest financials of the lenders diverging significantly from the performance of the real sector.

Data from the Central Bank of Nigeria (CBN) reviewed at the weekend, indicated that banks’ credit to the private sector (CPS) ...

The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile, The PUNCH reports.The loans are to support ...

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured ...

The disclosure was made in a press statement released by the Acting Head of Communication & Public Affairs, NDIC, Hawwau ...

Depositors of Heritage Bank (in-liquidation) with balances exceeding the insured sum of ₦5 million will be paid from the sale ...

Hello and welcome! In today’s trending news stories; 1. On Thursday, March 27, a Constitution amendment bill proposing a ...

Women now make up 35 per cent of the Central Bank of Nigeria’s (CBN) directors and half of its non-executive board. Speaking ...

The study found that microfinance loans in Nigeria have a negative and significant impact on the growth of small businesses, suggesting that increasing loans may hinder SME expansion. This is likely ...

The fine stems from failure to comply with banking regulations, violations related to risk assessment examinations, cyber ...

Women constitute 35% of the Central Bank of Nigeria’s (CBN) directors and half of its Non-Executive Board, Governor Olayemi ...