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Money

Naira Redesign: CBN Directs Banks To Open Saturdays

The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, to enable customers...

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Nigerian Banks’ Assets Rise By N10tn, Hit N66tn

Nigerian banks’ assets gained N10tn between August 2021 and August 2022 to hit N66.76tn, latest figures from the Central Bank of Nigeria has...

Money

Nigerian Banks Maintained Stability Despite COVID-19 Challenges – NDIC

The Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation, NDIC, Mr Bello Hassan, has said that Nigerian banks maintained stability despite challenges brought about...

Money

Nigerian Banks To Stop Accepting Old £20, £50 Notes Dec 31

Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to...

Money

Nigerian Banks’ Near-Term Credit Risks Ease

The outlook for Nigerian banks’ credit fundamentals has stabilised since the initial economic shock from the pandemic, Fitch Ratings says in a new...

Money

Nigerian Banks Report N42.76 Trillion e-Transaction in Q3 2019-NBS

December 5, 2019/NBS A total volume of 800,201,498 transactions valued at N42.76trn were recorded in Q3 2019 as data on Electronic Payment Channels...

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