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Zenith Bank, Nigeria’s Number One Financial Institution, Says Banker Magazine

By Nume Ekeghe Zenith Bank Plc has again emerged as the number one bank in Nigeria by tier-1 capital in 2020 Top 1000 World Banks’...

Ahmad Urges Banks to Imbibe Risk Management Principles

By Nume Ekeghe The Deputy Governor, Financial System Stability Directorate, Central Bank of Nigeria, Mrs. Aishah Ahmad, has advised Nigerian banks to continue to design...

CBN Urges Vigilance to Mitigate Banking Sector Credit Risks

Obinna Chima The Central Bank of Nigeria (CBN) has said the anticipated economic damage due to the COVID-19 pandemic requires vigilance to mitigate emerging risks...

Nkechika: There is Need for Monetary, Fiscal Policy Harmony

  The Chief Executive Officer, CoralPay Technology Limited, Mr. Chioma Nkechika, in this interview speaks about the benefits of the CoralPay Payment Gateway and Processing...

CBN Pumps $9.98bn into Forex Market in Q4

•Federally-collected revenue drops to N2.6tn Obinna Chima The Central Bank of Nigeria (CBN) sold a total of $9.98 billion to authorised foreign exchange dealers in the...

CBN Reschedules January MPC Meeting

Obinna Chima The Central Bank of Nigeria (CBN) has postponed its first Monetary Policy Committee (MPC) meeting for 2020, earlier scheduled to hold next week...

CBN Unveils Information Security Management Framework

Nume Ekeghe The Central Bank of Nigeria (CBN) has unveiled a Risk and Information Security Management Framework. The policy is aimed at promoting effective management of...

Banks Reconfigure ATMs to Beat CBN’s Reduction of Charges

•CBN vows to investigate sharp practice Sunday Ehigiator Some commercial banks have designed means to avoid the recent slash in charges on withdrawal from Automated Teller...

CBN Moves to Facilitate Card Pre-authorisation for Payment

Nume Ekeghe The Central Bank of Nigeria (CBN) yesterday directed merchant acquirers and other operators in the payment system to take steps towards enhancing pre-authorisation...

No Plan for Devaluation of the Naira, Says CBN

Obinna Chima The Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira next year, expressing optimism that crude oil price...