Aggrieved depositors petition banks over N546bn illegal charges, others – No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn) on […]
Chinese-owned banks to establish operations in Nigeria – Chinese Ambassador to Nigeria, Cui Jianchin, has said he is in talks with Chinese-owned banks to establish operations […]
How agency banking is helping Nigerian Banks cut operation cost – It is a win-win situation for banks and their customers when banking services are brought […]
Tier 1 Nigerian banks post strong earnings – It’s yet another strong showing by three of Nigeria’s leading banks, United Bank for Africa (UBA), Guaranty Trust […]
CBN warns banks against FX malpractice, threaten sanctions – Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has warned that banks involved in any form […]
Nigerian Banks’ e-Banking Income Drops 27.3% despite High Transactions – A new report by Agusto & Co. Limited has shown that in the 2020 fiscal year, […]
Eight Nigerian Banks Lose N1.9bn To Fraud In One Year – Eight deposit money banks in Nigeria lost a total of N1.9bn as a result of […]
Nigerian banks’ profits drop by N482b as CBN restricts N9.5tr deposits – Twenty commercial banks and five merchant banks’ profits dropped by N482 billion in 12 […]
Banks Lament Fraudulent Forex Requests by Customers – The Bankers’ Committee has expressed concern over the fraudulent demands for foreign exchange (forex) by bank customers. The […]
Nigeria’s central bank recovers customers’ N89.2b from commercial banks – The Central Bank of Nigeria (CBN) has so far recovered N89.2 billion of customer’s money from […]
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