Monday, September 28, 2026
Nigerian banks lose N472m to fraud activities in Q1 2023, says FITC
By Cynthia Ezekwe. The Financial Institutions Training Centre (FITC), in its recent report on fraud and forgeries in the Nigerian...
Read moreDetailsCBN limits single contactless payments to N15,000
By Business A.M. The Central Bank of Nigeria (CBN) has released new guidelines for contactless payments in Nigeria which limits...
Read moreDetailsFG directs commercial banks to issue multipurpose debit Cards that Serve as national identity
By Business A.M. The federal government has directed commercial banks to print and issue multipurpose debit cards that will double...
Read moreDetailsBVN has no expiry date, says CBN
By Business A.M. The Central Bank of Nigeria has said that the Bank Verification Number (BVN) it issues in collaboration...
Read moreDetailsAig-Imoukhuede’s book on banking shortlisted for BCA African Business Book of the Year
By Business A.M. The book “Leaving the Tarmac: Buying a Bank in Africa” by Aigboje Aig-Imoukhuede, former group managing director...
Read moreDetailsNigerian bank deposits rise by 19% to N43tn in 2022
By Olivia Nnorom Nigerian banks have recorded a N6.92 trillion rise in deposit from N36.13tn as of the end of...
Read moreDetailsAgusto upgrades Wema Bank’s bond to BB+ over improved profitability
By Cynthia Ezekwe Agusto & Co, Nigeria's first credit rating agency and a pan African leader in credit ratings and...
Read moreDetailsNigerian banks record 4.8 million BVN registrations in 2022
By Rosemary Iwuala Banks in Nigeria recorded a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022, according...
Read moreDetailsWema Bank offers N1bn loan to provide renewable energy for SMEs
Cynthia Ezekwe Wema Bank Plc said it has made a N1 billion loan available for Small and Medium-Sized enterprises (SMEs)...
Read moreDetailsCBN to set up offshore banking in free trade zones to boost investments
By Rosemary Iwuala The Central Bank of Nigeria (CBN), in collaboration with the Free Trade Zone Authority (FTZA),...
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