The Central Bank of Nigeria, CBN, has cautioned deposit money banks against sourcing capital from illicit channels as part of the ongoing recapitalisation exercise. It stressed that such actions could ...

Nigerian banks face a recapitalisation deadline by 2026, with the CBN enforcing strict rules to guide the sourcing of funds. Some banks may downgrade by 2026.

The Economic and Financial Crimes Commission (EFCC) has warned citizens to steer clear of 60 illegal Ponzi scheme operators in Nigeria.These companies, operating without registration with the Central ...

Nigeria’s debt service burden is set to grow significantly in 2025, intensifying the strain on government finances ...

Some Nigerian banks are reeling from a massive system glitch that has left them vulnerable to unauthorized withdrawals ...

The Federal Government of Nigeria has introduced new, stricter penalties for expatriates who overstay their visas as part of ...

Bank Holidays in April 2025: According to the 2025 RBI Holiday calendar, the majority of banks in India will remain closed today, Tuesday, April 1, 2025, except for Mizoram, Chhattisgarh, Himachal ...

In a report titled ‘Nigeria’s Proposed Windfall Tax on Foreign Exchange Gains is Credit Negative for Banks, Moody condemned the windfall tax. “The windfall tax will have a particularly ...

Banks raise consumer loan rates to at least 3% Top lenders have warned of growing personal bad loans Higher rates could deter China's consumption push, analysts warn BEIJING, April 1 (Reuters ...

1 crore in one or multiple current accounts with a bank Indian residents earning income from foreign assets If you meet any of these conditions outlined in the latest amendment, you are liable to pay ...

Reserve Bank of India (RBI) has imposed penalties of Rs1.16 crore on 15 financial institutions, including nine cooperative Banks, three non-banking financial companies (NBFCs), two housing finance ...

While Ukraine said it would immediately observe the ceasefire, the Kremlin demanded the removal of sanctions on Russian Agricultural Bank, or RSHB, and other financial institutions involved in foreign ...