Banks generated N438bn from digital transactions in 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has ...
Friday, November 22, 2024
Tag: Banks
CBN, SEC fine banks N678m
For flouting regulations, nine financial institutions paid N678m fines in 2023, according to The PUNCH analysis of their annual reports. Last year, ...
Banks stop collection of deposits processing fees
Some banks have started the implementation of the Central Bank of Nigeria’s directive on the extension of the commencement of ...
Banks expand loans size by 57% to N37.2trn
Amid tight monetary policy and economic contractions, the loan portfolio of Nigeria's main deposit money banks increased by 57% to ...
Banks lose N18bn to fraudsters in 2023 -NIBSS
The Nigeria Inter-Bank Settlement System has said that financial institutions lost about N17.67bn to fraud in 2023. This was disclosed in its ...
Banks can meet recapitalisation deadline — ACAMB
The Association of Corporate & Marketing Communication Professionals of Banks has said that Nigerian banks are well able to meet ...
Naira closes 1,309/$ as banks sell $2.5bn
In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the ...
CBN insists banks can’t pay dividends from FX revaluation gains
The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains ...
Banks involved in 70% of financial crimes – EFCC
The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the ...
CBN plans tough sanctions for banks
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce ...
