Banking

No fewer than four new generation commercial banks have been sealed off by officials and men of the Osun State...

Fidelity Bank Plc has offered to buy back $300 million of debt and intends to issue new notes, aiming to...

Four Nigerian banks are operating with too many non-performing loans on their books and with liquidity ratios below the minimum...

Nigeria's central bank said on Thursday it is setting up two financial instruments to provide liquidity support to its non-interest...

Union Bank Nigeria's Union Bank expects to close the sale of a 50 billion naira ($137 mln) share issue by...

A group of Nigerian banks has agreed an extension to a $1.2 billion loan made to 9mobile, formerly known as...

Wema Bank plans to raise equity next year to bolster its capital ratio and cut its operating costs as its...

Nigeria's central bank has extended guarantees to Skye Bank for another year while it considers the bank's recapitalisation proposal, the...

Nigeria's interbank lending rate rose to 12 percent on Friday from eight percent after bond and treasury bill purchases paid...

Nigeria's interbank lending rate rose to around 15 percent on Friday from 5 percent last week after commercial lenders paid...