Diaspora remittances: Audit IMTOs’ accounts properly, CBN orders banks
The Central Bank of Nigeria said on Friday that Deposit Money Banks must ensure that proper audit of International Money
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Money
Nigeria’s forex reserves hit seven-month low
Nigeria’s foreign exchange reserves have dropped below $35 billion to the lowest level in seven months. The reserves fell to
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Nigerian banks make N401bn from fees, commissions in nine months
Nigerian commercial banks raked in a total of N401.35 billion from fees and commissions charged customers from January to September
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Bad loans in Nigerian banks drop despite COVID-19 crisis
The volume of non-performing loans in the banking sector fell by 3.50 percent to N1.17 trillion in the third quarter
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Nigerian banks’ credit to economy hits N19.87tn in Q3
The total amount of loans advanced by Nigerian banks to the economy rose by 5.58 percent to N19.87 trillion in
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Naira falls to 482/dollar despite new CBN policy
The naira weakened against the dollar to 482 at the parallel market on Monday, paring some of its recent gains,
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Diaspora remittances: IMTOs opposed new CBN policy, says Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, said on Thursday that some International Money Transfer Operators
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Seven Nigerian banks post N54bn rise in profit despite COVID-19
FBN Holdings Plc and six other Nigerian banks saw their combined profit after tax increase by N54.02bn in the nine
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Naira in free fall, slumps to 495 against dollar
The naira fell to a new record low against the United States dollar on Thursday, trading near 500/$1 at the
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Nigeria’s external reserves resume decline, fall to $35.72bn
Nigeria’s foreign exchange reserves have started falling again, losing $23 million in the six days to last Thursday, according to
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