CBN Shelves ₦700bn Treasury Bills Auction Amid Liquidity Squeeze
The Central Bank of Nigeria (CBN) has cancelled a planned ₦700 billion Treasury Bills auction, citing a sharp tightening of ...
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Tag: #Banking
CIBN, Lagos Government Deepen Partnership on Banking Innovation and MSME Growth
The President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dele Alabi, has reaffirmed the ...
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Banks Deposit N83.95tn with CBN as Excess Liquidity Surges in July
Nigerian banks significantly increased the amount of funds placed with the Central Bank of Nigeria (CBN) through its Standing Deposit ...
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FCMB Group Doubles Half-Year Profit Before Tax to N157.3 Billion
FCMB Group Plc has reported a 99 per cent year-on-year increase in profit before tax (PBT) to N157.3 billion for ...
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Nigeria’s Consumer Credit Falls 19.89% to N3.78tn as High Interest Rates Curb Borrowing
Nigeria’s consumer credit fell by 19.89 per cent to N3.78tn in 2025 from N4.72tn recorded a year earlier, marking the ...
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NDIC Begins N2m Insured Deposit Payments to Customers of 46 Failed Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of insured deposits to customers of the 46 microfinance banks ...
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CBN: Banks’ Maximum Lending Rate Falls to 33.16% as Monetary Policy Pause Continues
Nigeria’s average maximum lending rate declined to 33.16 per cent in June 2026, down from 34.78 per cent recorded in ...
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Access Holdings Announces Retirement of Former Acting Group CEO Bolaji Agbede
Access Holdings Plc has announced the retirement of its Executive Director, Business Support, Ms. Bolaji Agbede, effective June 30, 2026, ...
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Signature Bank Reports Strong 2025 Growth as Profit After Tax Surges to ₦3.59bn
Signature Bank Limited has reported a significant improvement in its financial performance for the year ended 31 December 2025, highlighting ...
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Wema Bank Signals Tier-One Ambition, Retains Capital for Future Acquisitions
The Managing Director and Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has hinted at a major structural transformation ...
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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.