Tag: BANKS

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 Holding Company Plc and Fidelity ...

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 of foreign exchange (FX) malpractice ...

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, the banking industry in Nigeria ...

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 fraudulent incidents last year, data ...

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 months over N9.5 trillion cash ...

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 committee at the end of ...

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 commercial banks in the country ...

Wema Bank Unveils Tuition-Free Business School for small businesses - Wema Bank Plc has launched a free business school streamlined for Small and Medium Enterprises (SMEs) as part of its commitment ...

Nigeria’s central bank to monitor banks’ foreign exchange sale to customers - The Central Bank of Nigeria’s (CBN‘s) has assured the public that it will monitor commercial banks to ensure they ...

Nigerian Banks Woo Customers with Forex, Sell Dollar at N412 - Deposit Money Banks (DMBs) are beginning to encourage customers to come to them for their foreign exchange (forex) needs in ...