GTCO urges public to disregard fake news
By Grace Alegba The management of Guaranty Trust Holding Company Plc (GTCO) has refuted a circulating media report regarding its business activities and executive team. GTCO, in a…
SEC guidelines makes bank’s recapitalisation process transparent, stable- D-G
By Ginika Okoye The Securities and Exchange Commission (SEC), says its guidelines on banking recapitalisation has made the process more transparent and easily accessible for citizens' participation. Dr Emomotimi Agama,…
Banks recapitalisation: Peace of Mind, the Prince and NDIC
By Ismail Abdulaziz, News Agency of Nigeria (NAN) Mr Ajayi Audu banks with the 37 year-old Unity Bank Plc and has been a customer for the past 19 years…
Participants at the NDIC workshop in Lagos
NDIC advocates collaboration to combat insider abuses, financial malpractices
By Grace Alegba The Nigeria Deposit Insurance Corporation (NDIC) on Thursday identified adequate collaboration as an essential strategy for curbing insider influence and financial malpractices in banks and other financial…
Bank recapitalisation: Financial expert lists pros, cons
By Olawunmi Ashafa Mr Yemi Odusanya, former Executive Director, Corporate Banking and South, Keystone Bank, says the capital raise by the Central Bank of Nigeria (CBN) for the banks…
CBN raises bank’s capital requirement from N25bn to N200bn
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The…
Executive Director/Chief Executive Officer (CEO) of NEPC, Nonye Ayeni
NEPC chief urges bank support to drive Nigeria’s non-oil export
By Lucy Ogalue The Nigerian Export Promotion Council (NEPC) has urged banks and other financial institutions to support and drive Nigeria’s non-oil sector. The Executive Director/Chief Executive Officer (CEO) of…
CBN Building
BVN, NIN: Sanction banks, not customers, expert urges CBN
By Kadiri Abdulrahman A Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank of Nigeria (CBN) to sanction banks that allowed customers to operate accounts without their BVN and…
Logo of banks in Nigeria
Banks to embark on new recapitalisation drive soon – Experts
By Rukayat Adeyemi Experts have expressed optimism that the banking industry would soon embark on new recapitalisation drive owing to the current economic realities in the country. They said this…
Emefiele tasks bank CEOs, others to reset economy
The Governor of CBN Mr Godwin Emefiele, has urged Bank CEOs and other stakeholders to work together to reset the Nigerian economy.