Nigerian banks are expected to experience additional service disruptions In the upcoming weeks and months as they undergo system upgrades to boost operational efficiency and improve…
Browsing: Nigerian Banks
The Central Bank of Nigeria (CBN) has once again reassured Nigerians that there is no need to panic because it has implemented policies that will ensure…
Nigerian banks lost a total of N42.6 billion due to fraud and forgeries between April and June 2024. The Financial Institutions Training Centre (FITC) revealed this…
Chairman of FBN Holdings, Femi Otedola, has suggested that Nigerian banks reduce their extravagant spending, such as on private jets, and contribute to a new windfall…
The Nigerian government has sought to amend the Finance Act to impose a one-off 50% windfall tax on Nigerian banks’ realised foreign exchange gains. The move…
The Nigeria Inter-Bank Settlement System (NIBSS) has said that financial institutions lost almost N18 billion to fraud in 2023. This information was disclosed in its Annual Fraud Landscape…
The Association of Corporate Affairs Managers of Banks (ACAMB), which represents banks in Nigeria, has denied claims that banks will suspend operations on February 25, 2023,…
For the second consecutive month, Nigerians’ banks borrowing from the Central Bank of Nigeria reduced in February, this time by 47%. In January, borrowing from the…
The banks in Nigeria have however increased the number of loan applications approved for unsecured loans to households
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has said the country must improve on its production capacity to boost its flailing economy. Emefiele…