Deposit Money Banks

February 25, (THEWILL) - The Central Bank of Nigeria (CBN) is mulling an increase in the share capital of Bureau De Change (BDC) operators to N2 billion and N500 million for Tier 1 and Tier 2 licenses respectively. It...

February 14, (THEWILL) - New data from the Nigeria Inter-Bank Settlement System Plc (NIBSS) has revealed that the number of active bank accounts in Nigeria increased to 151 million in December 2022, Despite a 13 percent growth in...

February 11, (THEWILL) - The issue of minimum capital base for deposit money Banks has, once again, come to the front burner, following the indication by the Governor of the Central Bank of Nigeria (CBN) earlier this year that...

February 05, (THEWILL) - Central Bank Governor, Olayemi Cardoso, says the relocation of some departments of the apex bank, to Lagos, will help to decongest the headquarters of the apex bank in Abuja. The decision of the CBN to relocate...

January 14, (THEWILL) - NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50% across all...

January 14, (THEWILL) - The recent dissolution of boards and management teams of three deposit money banks by the Central Bank of Nigeria (CBN) has sparked mixed reactions among stakeholders and industry experts. The CBN had announced the dissolution of...

January 07, (THEWILL) - In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria (CBN) has recently disbursed approximately $61.64 million to foreign airlines through...

January 07, (THEWILL) - The Group Managing Director of FirstBank of Nigeria Limited, Dr Sola Adeduntan has reiterated the bank’s commitment to the highest standard of excellence in banking and to sustain its leadership status as Nigeria’s premier financial...

December 24, (THEWILL) - The management of Titan Trust Bank (TTB) has faulted reports credited to Jim Osayande Obazee, a Special Investigator appointed by President Bola Tinubu, alleging illegalities in the acquisition of Union Bank of Nigeria Plc. While...

December 24, (THEWILL) - Nigeria’s three leading banks swelled in their stock valuations as the equities market hit and crossed the N40 trillion market capitalisation for the first time in the 63 years of the local bourse's existence. With its...