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The Central Bank of Nigeria (CBN) has levied a penalty of ₦1.35 billion on nine Deposit Money Banks (DMBs) for their failure to ensure the availability...
The Nigerian Financial Intelligence Unit (NFIU) has issued a warning regarding scams involving tracing and recovering digital wire transfers from international banks into local accounts. In...
Commercial banks in Nigeria have closed 2.021 million bank accounts in the first quarter of 2024, Q1’24. The move was taken to comply with regulatory orders...
There is a shift in the banking sector in Nigeria, with the emergence of female Group Managing Directors and Chief Executive Officers (GMD/CEO). This development attests...
The Central Bank of Nigeria (CBN) has assured depositors of the safety of their monies in all the Nigerian banks. Naija News reports that the apex...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank will increase the capital base of commercial banks in the...
Deposit Money Banks are set to raise their cash withdrawal limits from the current ₦20,000-N50,000 range to over ₦80,000-N100,000. According to multiple bank officials, the move...
Nigerian banks have denied allegations claiming that they are responsible for the scarcity of the redesigned naira notes which has led to economic hardship on the...
The Lagos State Command of the Nigeria Police Force appealed to citizens of the state to maintain law and order amid the hardship brought about by...
Nine Nigerian banks have been downgraded by an international rating agency, Moody’s Investors Service in its review last week. The banks listed are, Access Bank Plc,...
The total deposits done in Nigerian banks rose by 24.17 per cent from ₦33.85tn as of the end of June 2021 to ₦42.03tn in June 2022....
The Central Bank of Nigeria (CBN) said it released a total of ₦595.34bn to commercial banks in the two months. The apex bank said it becomes...
The Nigeria Deposit Insurance Corporation (NDIC) has explained how financial institutions, especially commercial banks, surmounted the economic disaster brought about by the emergence of the COVID-19...
A financial report has revealed how nine commercial banks in Nigeria made a total of ₦554.23bn from fees and commissions in 2021. Naija News understands that...
The Nigeria Deposit Insurance Corporation, NDIC, has explained that over ninety-seven per cent of depositors’ accounts are fully covered by insurance in a case of bank...
The Chinese ambassador to Nigeria, Mr Cui Jianchun, has disclosed that Chinese banks will soon start operation in the country even as Nigerian banks will also...
Unity Bank Plc delared ₦1.57 billion profit after tax for the first nine months of the year. This was higher than the ₦1.48 billion filed in...
Over ₦60 billion from erring banks has been recovered from excessive charges imposed on customers by the Central Bank of Nigeria (CBN) CBN further noted that...
Nigerians have since keyed into the trend and technological advancement of recharging their mobile phones directly from their bank accounts. The process has been so simplified...
