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BANKS IN NIGERIA
Nigerian Banks may have no choice but to raise significant equity in 2020.
Many Nigerian banks are reducing how much foreign currency customers can spend abroad as concerns over the impact of the COVID-19 pandemic and drop in crude oil prices worsens Nigeria’s currency situation.
GTBank stands out, spreading its tentacles across the digital space through two mobile apps: GTBank mobile app and GTWorld.
The Nigeria Deposit Insurance Corporation (NDIC) has revealed it safeguarded N949.6 billion depositors' funds during the resolution of the failed Sky Bank Plc. The development was disclosed by the NDIC in its latest annual report covering 2018.
Three weeks after the Governor of @cenbank, Godwin Emefiele, directed all Deposit Money Banks (DMBs) to lend out a minimum of 60% of their deposits, the Chief Executive Officer of @ZenithBank, Ebenezer Onyeagwu, has addressed the impact of this policy.