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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Tag: #BankingSector
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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UBA Raises ₦157.84bn as Rights Issue Records Full Subscription
United Bank for Africa (UBA) Plc has successfully closed its rights issue, raising ₦157.84 billion after the offer was fully ...
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Ecobank Nigeria Fully Repays Bondholders Ahead of February 2026 Maturity
Ecobank Nigeria Limited has fully repaid bondholders who validly tendered their notes ahead of the February 2026 maturity date, underscoring ...
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CBN Survey Shows Higher Default Rates on Secured Loans in Q3 2025
A new survey by the Central Bank of Nigeria (CBN) has revealed that Nigerian banks recorded increased default rates on ...
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CBN Reports Decline in Banks’ Capital Adequacy Ratio to 12% After Withdrawal of Regulatory Forbearance
The Central Bank of Nigeria (CBN) has reported a decline in the Capital Adequacy Ratio (CAR) of the banking industry ...
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Seven Nigerian Banks Remit N674.68bn in Taxes in H1 2025
Seven of Nigeria’s leading banks collectively paid N674.68bn in taxes to the Federal Government in the first half of 2025, ...
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Nigeria’s Prime Lending Rate Rises to 18.88% in August Despite MPR Reduction
The average prime lending rate in Nigeria’s banking sector rose to 18.88 per cent in August 2025, up from 18.54 ...
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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.