FCMB Raises N500 Billion, Meets CBN’s International Banking Capital Requirement
FCMB Group Plc has successfully raised N500 billion, enabling its banking subsidiary to meet the Central Bank of Nigeria’s (CBN) ...
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Tag: #BankingSector
CBN Bars Banks from Granting Credit to Large Borrowers with Non-Performing Loans
The Central Bank of Nigeria (CBN) has directed banks to deny certain banking services and additional credit facilities to large ...
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Union Bank Assures Customers of Stability Amid CBN Regulatory Oversight Comments
Union Bank of Nigeria has reassured customers and stakeholders of operational stability and the safety of deposits following recent remarks ...
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Recapitalisation Deadline Looms as 13 Banks Race to Meet CBN Capital Threshold
Fresh concerns are emerging over the fate of at least 13 banks still racing to meet new minimum capital requirements ...
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Sterling HoldCo Begins Allotment of Oversubscribed N88.07bn Public Offer
Sterling Financial Holdings Company Plc has commenced the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of ...
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NDIC Expands Grassroots Engagement to Boost Depositor Confidence
The Nigeria Deposit Insurance Corporation has intensified grassroots stakeholder engagement as part of efforts to reinforce trust in the Nigerian ...
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NDIC Says 99% of Bank Depositors Fully Covered, Urges BVN Linkage for Seamless Payouts
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that about 99 per cent of depositors in Nigerian banks are fully ...
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NDIC Vows to Deploy New Powers Under 2023 Act to Recover Failed Banks’ Debts
The Nigeria Deposit Insurance Corporation has vowed to fully deploy its enhanced enforcement powers under the NDIC Act 2023 to ...
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CBN Hosts British International Investment Delegation to Strengthen Banking Sector
As part of efforts to deepen partnerships with development finance institutions (DFIs) and reinforce the nation’s banking sector, the Central ...
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NGX Closes Higher as Consumer, Banking Stocks Drive Market Rally
The Nigerian Exchange Limited (NGX) closed Thursday’s trading session on a positive note, buoyed by strong performances in consumer goods ...
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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.