UBA: UBA Secures Interim Court Orders in $242m Petroleum Products Dispute
UBA has obtained interim preservative orders in a petroleum-products dispute involving an alleged $242 million transaction, while the substantive claims ...
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Tag: #Banking
NDIC: NDIC Sets One-Month Deadline for Progress Bank Stakeholders to Claim Final Dividends
The NDIC plans to distribute final liquidation dividends to eligible Progress Bank stakeholders following recoveries, with claims due within one ...
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NDIC Warns Nigerians Against Unregulated Schemes, Urges Savings in Licensed Institutions
Deposit insurer says Nigerians should verify financial institutions before committing their savings as Ponzi schemes and unrealistic investment promises continue ...
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African Banks Accelerate Cross-Border Expansion to Diversify Revenue, Reduce Domestic Risks
Access Bank, UBA and Zenith Bank are among African lenders increasing their exposure outside home markets as AfCFTA and growing ...
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Banking System Liquidity Climbs to ₦8.57tn as Financial Conditions Ease
Liquidity in Nigeria's banking system has risen sharply, increasing the pool of funds available to financial institutions as monetary conditions ...
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Fed, Bank of England Probe Banks’ Exposure to Trading Firms After $15bn Jane Street Hit
The Federal Reserve and Bank of England are examining banks' exposure to large trading firms following market turmoil that reportedly ...
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Nigerian Banks Shut 476 Branches and Cash Centres in Three Years
Nigerian banks reduced their physical presence across the country by 476 branches and cash centres between 2022 and 2025, according ...
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Non-Interest Banks Record ₦4.39 Trillion in Assets, CBN Data Shows
Nigeria’s non-interest banking sector has continued to expand, with total assets reaching ₦4.39 trillion, according to data from the Central ...
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Nigeria’s Financial System Set to Receive ₦3.56 Trillion Liquidity This Week
Nigeria’s financial system is expected to receive about ₦3.56 trillion in liquidity this week, a development that could provide some ...
Read moreCBN Moves to Strengthen Financial Stability With New Ring-Fencing Rules
The Central Bank of Nigeria (CBN) has introduced draft guidelines aimed at strengthening the stability of Nigeria’s financial system by ...
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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.