BoI Group records N62.28bn profit
The Bank of Industry Group on Tuesday said its profit before tax rose by 75 per cent to N62.28bn at the end…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
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 the Nigerian oil and gas industry rose…
51 firms drive stock market gain by N500bn
Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for…
Oil theft affecting govt finances, naira stability –MPC member
Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The Central Bank of Nigeria disclosed this in…
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) on their accounts against their banks with…
CBN, others partner to close infrastructure deficit, raise $37bn
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of Nigeria is signing an agreement with some public…
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 banks in Nigeria recorded a total of…
Crypto transaction: CBN fines three banks N800m
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring…
CBN warns of illegal firms promising outrageous returns
THE Central Bank of Nigeria has warned the public to avoid dealing with unlicensed or illegal financial operators who lure and defraud…
CBN imposes heavy sanctions on banks over mutilated notes
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit…
Nigeria has over 70 online lending apps – FCCPC
THE Federal Government has said there are about 70 to 90 online lending applications currently operated by various firms in Nigeria. The…
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 banks’ employees and consumers in 2021. This…