CBN Slashes LDR for Banks to 50% from 65%
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio (LDR) for banks to 50 per
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Partnerships for Progress: Collaboration Between Banks and Fintechs is the Future of Banking in Africa
By Ike.S Anison Historically, the formal banking sector’s penetration in Africa has been relatively low. And, while there has been significant improvement in this
Naira Redesign: Protesters Target Banks in Lagos, Ogun
By Adedapo Adesanya A United Bank of Africa (UBA) branch in the Abule Egba area of Lagos and a First Bank branch in Ibafo,
CBN Orders Banks to Operate Saturday, Sunday to Mop Up Old Naira Notes
By Aduragbemi Omiyale As the deadline for the stoppage in the use of old N200, N500, and N1,000 banknotes as legal tender in the
Explainer: Why Banks Want Customers to Provide Indemnity for Online Transfers Above N1m
By Adedapo Adesanya In a new directive, the Central Bank of Nigeria (CBN) has asked commercial banks and Payment Service Providers (PSPs) to request
Banks Get Two Weeks Deadline to Resolve ATM, e-Banking Issues
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has given banks a two-week ultimatum, starting from June 8, 2020, to resolve all errors
GTBank, Others Announce Early Closure of Branches December 31
By Dipo Olowookere Some commercial banks operating in Nigeria have announced that on Monday, December 31, 2018, they will close earlier than before. One
Banks, not FinTech, Are Their Own Biggest Threat—Expert
By Dipo Olowookere Founder and Executive Vice Chairman of CWG Plc, Mr Austin Okere, has pointed out that the biggest threat to banks are
Banks, not FinTech, Are Their Own Biggest Threat—Expert
By Dipo Olowookere Founder and Executive Vice Chairman of CWG Plc, Mr Austin Okere, has pointed out that the biggest threat to banks are
CBN Stress Test Shows Weak Capital Signs in Banks
By Modupe Gbadeyanka A Central Bank of Nigeria (CBN) stress test has shown that only large banks will stay above the regulator’s capital adequacy
