The recognition coincides with the financial services platform turning 20 years old and still growing April 29, 2024/Mukuru As next-generation financial services platform Mukuru marks the major milestone of being in business for 20 years, FCX Intelligence has announced that it has made the list of Top 100 Cross-Border Payment […]
Money Market
FBN Holdings Announces Exit of Adesola Adeduntan as FirstBank CEO, Names Olusegun Aliebosu as Ag CEO
April 22, 2024/FBN Holdings FBN Holdings Plc has announced Dr Adesola Adeduntan’s resignation as the Managing Director/Chief Executive Officer of its flagship subsidiary, First Bank. In a letter signed by the Acting Group Company Secretary, Mr Adewale Arogundade, First Bank informed the investing public, stakeholders and shareholders that Mr Olusegun Alebiosu has […]
CBN Reduces Banks’ Statutory Loan to Deposit Ratio (LDR) to 50%
April 18, 2024/CBN Culled: Proshare The Central Bank of Nigeria (CBN) has announced a review of the loan-to-deposit ratio (LDR) following a policy shift. CBN reduced the Loan-to-Deposit Ratio (LDR) by 15% to 50%. This is a new approach, as the CBN had earlier increased banks’ Cash Reserve Ratio (CRR) […]
