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CBN Demands Capital Restoration Plans from Banks Amid Forbearance Risk

The Central Bank of Nigeria (CBN) has issued a directive mandating affected banks to submit comprehensive Capital Restoration Plans. This forms part of the...

Five Banks Beat CBN Recap Deadline

The Nigerian banking sector has reached a pivotal milestone, as at least five financial institutions have successfully met the capitalisation thresholds set by the...

Weak Judiciary Hampers Recovery of N1.5 Trillion in Bad Loans, Judges Informed

The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion in bad loans, with financial...

NCC Directs Customers to Pay Bank USSD Fees via Airtime Balance

In a significant policy shift designed to resolve a long-standing conflict between telecom operators and Nigerian banks, the Nigerian Communications Commission (NCC) has issued...

Recapitalisation Drive: CBN cautions banks against illicit funds

In a bid to reinforce financial discipline and protect the integrity of the Nigerian banking sector, the Central Bank of Nigeria (CBN) has issued...

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