One of the largest private-sector financial services providers in Africa, First Bank of Nigeria, has warned their numerous customers against scam. The commercial bank issued the...
Nigeria Deposit Insurance Corporation (NDIC) says it has paid insured sum of over N1.7 billion to customers, following the revocation of licenses of Microfinance Banks (MFBs)...
The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy,...
Customers of nine leading commercial banks paid N154 billion fee for using electronic banking services in the first half of the year (H1’23). Details of the...
The World Bank has approved a fresh $700m loan for Nigeria to enhance adolescent girls’ learning and empowerment. It disclosed this in a statement published on...
The banking industry has so far lost N9.5 billion to electronic fraud in 2023. Meanwhile the Nigeria Electronic Fraud Forum, NeFF, has called for new measures...
Ademola, one of the suspects in a syndicate that specialised in hacking into bank customers’ portals to move money from different customers’ accounts has narrated how...
Standard Chartered Bank and Access Bank Plc have entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia,...
The total assets of leading deposit money banks operating in Nigeria rose to N87.25 trillion in the first quarter ended March 31, 2023, up by 17.8...
Nigerian commercial banks have been warned against harbouring and backing unlicensed foreign firms. To improve the country’s financial sector, the Central Bank of Nigeria issued this...