banks
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In 2025 Banks Shut 229 Branches
Nigeria’s banking industry shut 229 physical branches in one year as customers increasingly turned to Point of Sale terminals for their daily transactions. This is according to the Central Bank…
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CBN N500b Capital Requirements Alerts Potential Bank Merging
A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN).Acting Director, Corporate Communications, Mrs. Hakama…
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Banks release $533.48m for foreign education
The amount released for foreign education by banks through the Central Bank of Nigeria has hit $533.48m. The figure which was obtained from the latest statistical bulletin published by the…
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Gov Adeleke urges banks’ CEOs to re-open closed branches
Osun State Governor, Ademola Adeleke has assured banks of adequate security in the state and pleaded with the Chief Executive Officers to reopen their closed branches in various towns in…
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