Court orders forfeiture of ₦2bn assets linked to bank staff
The Federal High Court in Abuja has ordered the final forfeiture of assets worth N2 billion linked to a financial sector staff…
Bank
FUGAZ banks record ₦399.2bn profit from UK operations in 2025
Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access, GTCO, Zenith, and UBA) posted approximately N399.2…
Nigerians to pay VAT on bank transfers, USSD from January 19
Nigerians will begin paying a 7.5 per cent Value Added Tax on selected banking services from January 19, 2026, following a new…
States, LGs cut bank debt by ₦547.5bn
States and local government councils reduced their bank borrowings by about N547.52bn within one year as inflows from the Federation Account Allocation…
Reps probe banks over ‘illegal deductions’
The House of Representatives on Tuesday leveled a significant accusation against commercial banks, alleging they were perpetrating illegal acts by deducting inexplicable…
Australian bank sacks staff, replaces her with AI she trained
A Commonwealth Bank employee has revealed she was sacked after 25 years, unaware that she had been helping train AI to take…
Fraud losses decline in Nigerian banks in Q1 2024 – Report
The Financial Institutions Training Centre has reported a substantial decrease in financial fraud losses among Nigerian banks for the first quarter of…
Nigerian banks close two million accounts over inactive BVN, NIN
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of suspicious…
Bank executives urge cybersecurity cooperation for stability
Onwubuke Melvin The Association of Chief Audit Executives of Banks in Nigeria has called for cooperation among lenders in the country…
Naira falls as banks’ dollar sales drop by $252m
Dollar sales at the Nigeria Autonomous Foreign Exchange Market on Friday decreased by $252 million to $84.1 million by Deposit Money Banks…
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 at the official Nigerian Autonomous Foreign Exchange…
Parthian Partners pays third bond coupon
Parthian Partners Limited has made the third consecutive coupon payment on its N10 billion bond. The PUNCH reported that the Chief Financial…