Tag: Nigerian Banks
No cause for alarm, Nigerian banks remain sound — CBN
“The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from…
Recapitalisation of banks crucial for Tinubu’s $1 trillion GDP goal – Cardoso
Cardoso announced the plan to demand recapitalisation of operators in the banking industry at the 58th Annual Bankers’ Dinner organised…
Exodus of tech talents hits Nigerian banks
The meeting came as banks in Nigeria face stiff competition for talent from technology startups attracting increased funding from international…
ICYMI: Nigerian banks suspend foreign cash withdrawals with Naira cards
Commercial banks had been limiting the amount individuals can withdraw with their debit cards while abroad to ease foreign currency…
Nigerian banks turn up mega profits despite COVID-19
Nigerian banks defied COVID-19 by posting higher profits in 2020 than in 2019, as shown by earnings released by the…
CBN says travel documents valid ID at banks
The Central Bank of Nigeria (CBN) has directed commercial banks to accept Machine Readable Travel Documents (MRCTD) and Refugee Identification…
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec.
Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank…
CBN deducts N500b from Zenith, GTB, Citibank, UBA, 8 others
The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the…
Banks lend N15.1 trillion to Nigeria’s private sector
The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to…
Read what you lose for deposits or withdrawals above N500K
Banks have notified customers about the extra cash they will lose to the treasury when they make cash withdrawals above…
How to report your errant bank to CBN
You can seek redress against any errant bank through the Central Bank of Nigeria, the regulator of the banking system…
Fraud in Nigerian banks climbs to N25bn in 5 years
Dr Victoria Enape, Pro-tem President, Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), has said that fraud volume…
Nigerian banks lose N12.30 billion to fraud
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday said the banking industry lost the sum of N12.30 billion to various…
Banks urged to initiate customer-friendly programmes to boost sector
A financial expert, Dr Samuel Nzekwe, has advised banks in the country to initiate customer-friendly packages to encourage and shore…
Nigeria allows foreign currency transfers as FX restrictions ease
Nigerian commercial banks told customers on Sunday they would allow deposits of foreign currency to be transferred abroad from their…