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...
The Federal Mortgage Bank of Nigeria, FMBN, has announced an increase in the National Housing Fund mortgage loan limit from N15 million to N50 million per...
Wema Bank yesterday marked 78 years in the banking industry, saying that its next objective is to attain tier-1 bank status. The bank also celebrated the...
The Central Bank of Nigeria, CBN, has said it will soon audit the nation’s payment system in order to cope with future growth in electronic banking...
The Governor of the Central Bank of Nigeria, CBN, Goodwin Emefiele said his team has met with 15 commercial banks on how to implement President Muhammadu...
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. It stated this...