banks

The Central Bank of Nigeria (CBN) says it is putting in place strong verification processes to ensure that illicit funds do not destabilize the banking sector in its ongoing recapitalization drive. During the 36th Seminar for Finance…

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the recapitalisation policy has prompted banks to strengthen their financial positions, a process expected to result in a more robust and resilient banking sector by…

The Central Bank of Nigeria has affirmed the safety of funds in Nigerian banks, emphasising the stability of the country’s banking sector. The apex bank therefore advised the public to continue with their regular banking activities…

Following the announcement of Monday and Tuesday as public holidays to mark Christmas, Banks across the country have also shut down, as they urge customers to utilise other digital banking means available. In messages to their customers,…

The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to ensure safety of the banking system in line with the mandate for its establishment by the Nigerian government. This was made known in a speech read…

At least eight banks and 18 other listed companies have been fined N125m for failing to file their 2022 audited financial statements and quarterly reports for the first half of 2023 as required by the Nigerian Exchange. The affected…

Ghana’s move to restructure its local-currency and overseas debt has resulted in the first loss on record for two of its top banks. GCB Bank Plc, the country’s largest lender by assets, posted a 593.4 million…

Six Deposit Banks in Nigeria received 4,595,628 million complaints from their customers within a period of one year, with the total amount of refund being claimed hitting N137.62bn, reports have shown. This is contained in the banks’…

Banking sector performance in Nigeria, ended the year on the negative as five banks saw their value drop by 5.5 percent from N2.57trillion in 2021 to N2.43trillion at the close of trading in 2022. According to data available on the…

Telecommunication operators have reached out to the Nigerian Communications Commission for approval to phase out the Unstructured Supplementary Service Data offered to banks due to over N80bn debt. The Chairman, Association of Licensed…