The Central Bank of Nigeria said on Wednesday in Abeokuta, the Ogun State capital that it had recovered over N9bn excess charges deducted from customers’ accounts by banks across the country. The CBN said it facilitated the recovery of the excess charges in the last one year. The CBN’s Controller […]
Tag: Banks
Fitch Affirms 8 Nigerian Banks Ratings, Downgrades UBN
Fitch Ratings, an international rating agency, Monday affirmed its Long-term Issuer Default Ratings (IDR) on eight Nigerian banks, even as it downgraded Union Bank of Nigeria Plc (UBN). A statement from Fitch listed the banks whose ratings it maintained to include Zenith Bank Plc, First Bank of Nigeria Limited, United […]
IMF Advise Euro Area to Recapitalise Weak Banks
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Monday advised the Euro Area to recapitalise frail but viable banks as part of the area’s task to address important tail risks, stabilised financial markets and grow its economies. This is coming on the heels of the recommendations of 2013 […]
