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Nigerian banks
BANKING

Aggrieved depositors petition banks over N546bn illegal charges, others

April 11, 2022 Sam Gabriel

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 […]

NIGERIA CHINA
BANKING

Chinese-owned banks to establish operations in Nigeria

September 22, 2021 Tosan Olajide

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 […]

Nigerian banks
BANKING

How agency banking is helping Nigerian Banks cut operation cost

September 20, 2021 Sam Gabriel

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 […]

UBA records double-digit earnings in Q1 2020
BANKING

Tier 1 Nigerian banks post strong earnings

September 13, 2021 Sam Gabriel

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 identifies major economic sabotage in Nigeria
BANKING

CBN warns banks against FX malpractice, threaten sanctions

September 12, 2021 Tosan Olajide

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 […]

KPMG Nigeria sees significant growth in mobile banking
BANKING

Nigerian Banks’ e-Banking Income Drops 27.3% despite High Transactions

September 1, 2021 Sam Gabriel

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, […]

PROTECT YOUR BANK ACCOUNT FROM FRAUDSTERS
BANKING

Eight Nigerian Banks Lose N1.9bn To Fraud In One Year

August 23, 2021 Sam Gabriel

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
BANKING

Nigerian banks’ profits drop by N482b as CBN restricts N9.5tr deposits

August 23, 2021 Sam Gabriel

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 […]

Naira dollar rates3
BANKING

Banks Lament Fraudulent Forex Requests by Customers

August 13, 2021 Sam Gabriel

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 […]

CBN bankers committee orders Access Bank, others to Suspend mass sack
BANKING

Nigeria’s central bank recovers customers’ N89.2b from commercial banks

August 6, 2021 Cynthia Charles

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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