Category: Banking

Nigerian banking malware attacks rise by 8% – Report

Kaspersky’s recent statement illuminates the cybersecurity landscape in Africa, highlighting a troubling trend in Nigeria...

FX Crisis: NSA, CBN, others to target speculators

Under the leadership of the Office of the National Security Adviser, Nuhu Ribadu, and the...

Nigerian bankers move to curb japa

To address the prevalent issue of migration, colloquially known as “japa,” in Nigeria, the regulatory...

Naira plunges to record low against pounds

Melvin Onwubuke   Nigerian naira plunges further to a record low of N2040 to one...

PenCom recovers N25.45bn unremitted contributions

By Melvin Onwubuke   The National Pension Commission has made huge progress in ensuring compliance...

Naira falls as banks’ dollar sales drop by $252m

Dollar sales at the Nigeria Autonomous Foreign Exchange Market on Friday decreased by $252 million...

Active Nigerian bank accounts hit 151 million – NIBSS

The number of active bank accounts in Nigeria witnessed a 13% growth, reaching a total...

Wigwe: Rain, wintry weather responsible for crash, says US

United States authorities revealed on Sunday that preliminary findings suggest wintry weather conditions played a...

Ten things to know about Herbert Wigwe

Herbert Wigwe was born in Rivers State and had his education at the University of...

NIBSS suffers downtime, bank transactions affected

Alex Omenye   The Nigeria Inter-Bank Settlement System on Saturday encountered downtime, causing distress among...

Banks to pay customers money sent from abroad in naira

Following the recent directive by the Central Bank of Nigeria, restricting the operations of International...

Banks dollar sale drops as naira falls to N1,479

Data collected on Thursday from FMDQ Exchange indicated that the total value of transactions registered...