Tags : Bank

Business Latest News Nigeria

Operators Commend CBN’s Review Of Minimum Capital Base For MFBs.

Microfinance Bank operators in the country have commended the Central Bank of Nigeria, CBN, for reviewing the minimum capital requirement for the industry as well as the extension of the recapitalisation deadline. ADVERTISING ADVERTISING Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Last year, the CBN raised the minimum capital base for the three […]Read More

Business Featured

Nigerians Open 11.2m Bank Accounts In 6 Months

Nigerians opened 11.2 million bank accounts in the first half of 2018 (H1’2018) comprising 8.3 million savings accounts and 1.8 million current accounts. However, the number of inactive bank accounts rose by one million during the period. Nigeria Inter-Bank Settlement System (NIBSS) showed that the number of bank accounts opened by Nigerians rose to 111.4 […]Read More