Category: Banking

BoI Group records N62.28bn profit

The Bank of Industry Group on Tuesday said its profit before tax rose by 75...

Vandalism, others push oil firms’ bank borrowing to N5.68tn

The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of...

51 firms drive stock market gain by N500bn

Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange...

Oil theft affecting govt finances, naira stability –MPC member

Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The...

Aggrieved customers petition banks over N546bn wrong charges, others

No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn)...

CBN, others partner to close infrastructure deficit, raise $37bn

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of Nigeria...

Four banks record 477,405 unresolved complaints in 12 months –Reports

Within a period of one year spanning January 1 to December 31, 2020, four top...

Crypto transaction: CBN fines three banks N800m

The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks...

CBN warns of illegal firms promising outrageous returns

THE Central Bank of Nigeria has warned the public to avoid dealing with unlicensed or...

CBN imposes heavy sanctions on banks over mutilated notes

The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes...

Nigeria has over 70 online lending apps – FCCPC

THE Federal Government has said there are about 70 to 90 online lending applications currently...

Four banks lost N1.77bn to fraud in 2021, says report

Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the...