CBN warns banks against rejecting older, smaller dollar bills
The Central Bank of Nigeria (CBN) has warned commercial banks and forex dealers against rejecting old and lower denomination of U.S. dollars from customers.
Banks...
Fidelity Bank shares soar on capital raise, but rally falters
Fidelity Bank's share price experienced a brief surge on Wednesday, closing at its highest point in nearly four months, following the announcement of a...
Explainer: What next for customers after Heritage Bank collapse?
On Monday, the Central Bank of Nigeria (CBN) revoked the licence of Heritage Bank due to its prolonged struggle with non-performing loans.
The regulator said...
Heritage Bank fails as CBN revokes licence
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing breaches of the Banks and Other Financial Act...
Dutch business owners see hell at bank over “Nigeria connection”
Customers of a Dutch bank have lamented apparently excessive scrutiny by a bank in Netherland over their business connections to Nigeria, according to local...