Tag: Banks

At the backdrop of the sharprise in their profit this year, leading commercial banks in the Nigeria have reported 132.1 percent rise in tax remittances to government in the nine ...

Nigerian Government to shut online banks pestering debtors. The Federal Trade Commission has stated that it will delist any loan application that harasses customers and has asked Google to remove ...

There are indications that banks in Nigeria are increasingly relying on the Central Bank of Nigeria, CBN, for liquidity as their borrowings from the apex bank intensifies. A CBN data ...

The accumulated debt from Unstructured Supplementary Service Data which Deposit Money Banks owe telecommunication firms has risen to over N100bn. As a result, banks and telcos are expected to hold ...

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. This was ...

The President, Chartered Institute of Bankers of Nigeria, CIBN, Mr. Ken Opara, said the banking industry is setting up a $20 million human capital fund to groom and nurture financial innovation ...

The Central Bank of Nigeria has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The ...

The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a ...

After receiving a direction to begin over-the-counter payment from their regulator, the Central Bank of Nigeria (CBN), Nigerian banks are adamant that there is no cash available to pay consumers. ...

The maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end of December 2022. Figures obtained from ...