Banking
Four Nigerian Banks Upgrade Licences Amid Recapitalisation Rush
As Nigeria's banking sector experiences a surge in recapitalisation efforts, four deposit money banks in the country have recently upgraded...
Read moreNigerian Banks’ Lending to Private and Public Sectors Drops by Trillions in March
Data from the Central Bank of Nigeria (CBN) has revealed a significant drop in Nigerian banks' lending to both the...
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CBN Initiates Sale of Fresh Dollars To Bureau De Change Operators At N1,021/$
The Central Bank of Nigeria (CBN) has commenced a new phase of direct sales of US dollars to Bureau De...
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Central Bank of Nigeria Reduces Loan-to-Deposit Ratio to 50% in Tightening Policy
In a move aimed at deepening its monetary tightening policy, the Central Bank of Nigeria (CBN) has slashed the Loan-to-Deposit...
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Nigerian Tier-1 Banks Plan to Raise $3.03bn in Fresh Capital Amid CBN Recapitalization Directive
Four of Nigeria's tier-1 banks, namely FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and United Bank for Africa...
Read moreRevaluation of Dollar-Denominated Loans Triggers Drop in Nigerian Banking Sector’s Solvency
The Central Bank of Nigeria (CBN) Financial Stability Report (FSR) for the first half of 2023 reveals that the solvency...
Read moreBank Credit to Private Sector Surges to N76.94 Trillion in January 2024
In January 2024, bank credit to the private sector in Nigeria surged to N76.94 trillion, marking an impressive increase of...
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Fitch Rates Nigerian Banks Stable Amid Macroeconomic Challenges
Global rating agency Fitch Ratings has affirmed that several Nigerian banks possess intrinsic strengths enabling them to maintain a stable...
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S&P Global Maintains ‘B-/B’ Ratings for Ecobank Nigeria Despite Naira Challenges
Standard and Poor's (S&P), a global rating agency, has upheld its 'B-/B' long- and short-term issuer credit ratings on Ecobank...
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Afreximbank, UBA disburse NNPCL over $2bn oil-for-cash loan
The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25 billion as part of...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.