Oil firms get more funding from banks in Q1 in 2017-NBS

Latest figure released by the National Bureau of Statistics (NBS), in its first quarter 2017 selected…

CBN sanctions 12 banks for flouting forex rules 

The Central Bank of Nigeria (CBN) has barred at least 12 deposit money banks (DMB) from…

Cashless Policy: CBN backpedals, asks banks to refund charges

In what could be described as a policy reversal, the Central Bank of Nigeria (CBN) on…

Nigerian UN worker arrested for robbing four banks in New York

A United Nations headquarters employee was arrested on Monday for robbing four banks over a two-month span. Nigerian…

CBN directs banks to pay cash to forex users, injects $240m into market

The Central Bank of Nigeria (CBN) on Monday directed all banks to pay cash over-the-counter to…

Banks agree to delay Seanergy’s loan payments

Marshall Islands-incorporated dry bulk owner and operator Seanergy Maritime Holdings Corp. has obtained waiver and deferral…

Banks seek forex buyers as CBN continues to flood market

The new strategy of the Central Bank of Nigeria, CBN, to meet all legal demand for…

CBN orders banks to process retail forex demand within 24 hours

The Central Bank of Nigeria (CBN) yesterday ordered banks to process foreign exchange demand for Personal…

Court orders banks to hand over $153.3m Diezani fund to FG

Justice Muslim Hassan of the Federal High Court in Lagos has ordered the temporary forfeiture of…

Intervention funds: CBN warns banks against charging double digit interest rates

The Governor of Central Bank of Nigeria (CBN),  Godwin Emefiele, has warned Participating Financial Institutions (PFIs)…

Banks go after Nigerian ship owners to recover non-performing loans

By Foster Obi Peeved by the recalcitrant nature of some Nigerian ship owners that sourced loans…

Swiber: Banks in Singapore panic over debt

The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for…