Banks

Banking and Finance

BVN restriction: data privacy lawyers sue CBN over ‘one-time’ phone number update rule

LEGAL experts and data privacy advocates under the auspices of the Incorporated Trustees of the Data Privacy Lawyers Association...
Zainab ABDULRASAQ -
Banking and Finance

Why banks say ‘No’: Insider secrets to SME loan approval in Nigeria

ANTHONY Chinwe, a former top banker and now CEO of De SME Facilitators, is like a guide for Nigeria's...
Ehime ALEX -
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Banking and Finance

FX code: CBN sets January 31 deadline for submission of compliance report

THE Central Bank of Nigeria (CBN) has asked participants in the foreign exchange market to submit compliance reports to...
Ehime ALEX -
Banking and Finance

CBN fines Fidelity, Union, First Bank, others for failing to dispense cash

FIDELITY, First Bank, Keystone Bank, and Union Bank Plc have been sanctioned by the Central Bank of Nigeria (CBN)...
Harrison EDEH -
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Banking and Finance

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 -
Business and Economy

Banks taxed 50% FX gains in proposed 2023 Finance Act amendment

NIGERIAN banks would be taxed 50 per cent of their recorded gains in "foreign exchange (FX) revaluation" in 2023,...
Harrison EDEH -
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