It appears there is no respite yet for consumers, especially those who make use of the Internet facility, as the service has remained at its lowest ebb in the last five days

The United Kingdom’s publicly owned impact investor, CDC Group, has announced the commitment of $39.2 million to support small and medium enterprises (SMEs) in West Africa.

The nation’s Deposit Money Banks (DMBs) recorded a significant increase in assets and liabilities N1.82 trillion, which represented a 4.6 per cent rise in just one month.

Today marks the take-off point for a new regime of banking charges against customers for services rendered, but there is general apathy trailing expectations of compliance

Following the directive by the Central Bank of Nigeria (CBN), to raise the Loan to Deposit Ratio (LDR) of banks to 65 per cent to assist the real sector, financial directors have described the policy as a welcome development.

The proposed but now suspended N4 per 20 seconds charge on unstructured supplementary service data (USSD) platforms for money transfer transactions in Nigeria, got another spanner thrown in its wheel, as bank chief executives, yesterday, dissociated themselves from the planned charges.

The Standing Lending Facility (SLF) window of the Central Bank of Nigeria (CBN) was full of activity in the first half of 2019, as banks borrowed a daily average of N95.63 billion in 121 days of transactions, during the period.  

Capital market shareholders have condemned the N499 billion fines slammed on 12 commercial banks by the Central Bank of Nigeria (CBN), for breaching the regulator’s directive on lending to the real sector, insisting the move is capable of shrinking the banks’ earnings, and ultimately erode profitability and dividend payout.

The National Bureau of Statistics (NBS) has disclosed that the Nigerian banking sector allocated N15.13tr credit to the private sector in the second quarter (Q2) 2019.

Flourish, a venture capitalist firm has charged financial institutions to deepen data security and offer tailor-made products for inclusion, and economic empowerment.

The National Information Technology Development Agency (NITDA), is currently investigating some Nigerian banks, financial technology companies (Fintechs), and telecommunications companies (telcos) for alleged breach of data privacy rights.

Young Sudanese protesters in T-shirts and jeans dump bricks in a pile to create a makeshift barricade in a Khartoum street -- but they are playing a dangerous game of cat-and-mouse. They disperse as dozens of riot police storm in on pickup trucks. Officers in blue fatigues fire gunshots into the air as demonstrators sprint…