Tag: banks
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CBN Heightens Oversight on Select Banks Amid Recapitalization and Post-Forbearance Era
As one of the measures to build stability in Nigeria's banking sector, the Central Bank of Nigeria (CBN) revealed that a closely defined subset...
African Shipowners Applaud Plan to Disburse $700 Million Cabotage Fund Through Banks
The African Shipowners Association (ASA) has fully supported the decision to disburse the $700 million Cabotage Vessel Financing Fund (CVFF) through Nigerian banks at...
Banks Reduce FX Deposit Rates As Supply Increases
Banks lower their interest rates on foreign currency (FX) deposits as the dollar supply improves.
During an executive roundtable organized by PwC and BusinessDay on...
Banks to Demand Tax IDs from Customers For Account Opening
A newly proposed bill in Nigeria mandates that anyone wishing to open or operate a bank account, as well as individuals in banking, insurance,...
Banks And IT Firms Are Becoming More Tense In The UK Over Liability For Online Fraud
In the UK, disputes about who should pay out compensation to victims of online fraud are getting worse between social media companies, banks, and...
