Why global banks control forex trading
Bank traders account for 92% of all Forex trading activity.
Tag: banks
News and analysis about banks
CBN to transfer N5.5 trillion development finance activities to private banks, DFIs
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in ...
Forex crisis: EFCC receives Court’s approval to freeze 1,146 accounts involved in illicit transactions
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) ...
Recapitalization: Exclusion of retained earnings seen increasing dividend payout
The exclusion of retained earnings from the computation of minimum capital by the CBN is likely to lead to increased ...
Fintechs, banks collaboration key to financial inclusion in Nigeria – Sydney Aigbogun
The Chief Executive Officer of the fintech company CashBox, Mr. Sydney Aigbogun, has stated that collaborations between banks and fintechs ...
Miners’ debt to banks rises 296% in Q3 2023 amidst states’ bans
The mining and quarrying sector witnessed a substantial influx of bank loans in the third quarter of 2023, with borrowing ...
Nigerian fintechs need more capital to compete with banks, gain trust – Uzoma Dozie
In 2019, Uzoma Dozie took a bold leap from his role as the Group Managing Director of Diamond Bank to ...
Meet the CFOs of top 10 biggest banks in Nigeria by market capitalisation
In 2023, the NGX Banking Index showcased remarkable growth, registering a robust 114.9%, solidifying its position as the second-best performing ...
Fintechs do not pose any challenge to top-tier banks in Nigeria- S&P Analyst
Samira Mensah, a credit analyst at S&P credit rating agency has stated that Nigerian fintechs do not pose any challenge ...
Bank Recapitalization: Independent shareholder associations seek tiered approach
Nigerian shareholders have called upon the government and the Central Bank of Nigeria (CBN) to adopt a tiered approach to ...
