Tag: nigerian banks

NDIC Assures ASO, Union Homes Depositors of Up to N2m Insurance Payouts

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of Aso Savings

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Recapitalisation: Nigerian Banks to Raise N4.14tn Ahead of March 2026 Deadline

Nigeria’s banking sector is undergoing one of its most comprehensive reforms in

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Banks Reclassify Land and Buildings as High-Risk Collateral Amid Demolitions, Title Disputes

Nigerian banks are tightening their lending standards as land and buildings—once considered

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FCMB’s Capital Raise Now Targeted at N400 Billion as Investors Fear Dilution

FCMB Group Plc has again raised its capital raise ceiling—this time to

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Summit Bank Begins Operations, Promises Ethical and Inclusive Banking

Nigeria’s newest non-interest financial institution, Summit Bank Limited, has officially commenced operations,

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CBN Orders Banks to Announce New CEOs Three Months Before Incumbent’s Exit

The Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important

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