Banking and Finance

First bank silent as layoff report of 100 senior staff circulates amid internal management crisis

THE First Bank of Nigeria is yet to officially make its position known over the alleged layoff of 100...
Ehime ALEX -

Bank recapitalisation: CBN, SEC approve FCMB Group’s rights offer

AS most banks gear up to meet banking recapitalisation targets, the Central Bank of Nigeria (CBN) and the Securities...
Harrison EDEH -

CBN okays N370.41 bn capital raising for Access Holdings

THE Central Bank of Nigeria (CBN) has accepted N370.41 billion capital raising for Access Holdings Plc but rejected N822.596...
Ehime ALEX -

2024 marked another windfall year for banks, woes for other businesses  

2024 is another windfall year for Nigerian banks as the monetary authority's hawkish policy boosted banks' earnings but stunted...
Ehime ALEX -
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Publish all financial statements on your website, SEC directs listed companies

THE Securities and Exchange Commission (SEC) has directed all public listed companies to publish their financial statements on their...
Ehime ALEX -

CBN limits cash withdrawal to N100,000 per customer at PoS terminal

THE Central Bank of Nigeria (CBN) has set a daily cash-out limit of N100,000 per customer transacting on point-of-sale...
Ehime ALEX -
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