Tag: Bank

Banking

ICPC storms banks to monitor cash disbursement

Oluwanifemi Ojo The Independent Corrupt Practices and Other Joint Task Force have begun monitoring the cash disbursement exercise as they visited two banks in Bauchi State on Tuesday. According to The Punch, the operations of this agency will cut across every part of the country. It was gathered that this operation was being carried out […]

Banking

Afreximbank launches TRADAR Club to boost African trade

African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments within Africa.   Vanguard reported that Afreximbank’s Media representative, Amadou Sall, made this known in a statement on Monday in Abuja, during the operational launch of the TRADAR Club that featured a high-level […]

How Nigerian banks performed first half of 2022
Banking

Zenith, GTB, others record ₦500bn after tax profit

Zenith Bank takes the lead as the Nigeria Exchange posted N501.13 billion after tax profit of 13 banks in the first six month of 2021. The record showed a 13.1 per cent increase compared to the N443.17 billion recorded in the corresponding period in 2021, according to Nairametrics.   Taking a cue from the financial […]

UK, South Korea warn against cyberattacks from North Korea
Banking

Fraudsters hack bank, transfer customers’ N522m

An old generation bank customer’s account was hacked by suspected fraudsters, transferring N523,337,100 from the account to 18 different accounts in the same bank. According to The Punch, the suspect during the three-day cyber attack transferred the hacked funds from the 18 accounts into 225 other accounts domiciled in 22 other banks and financial institutions. […]

New naira: Beware of currency hoarders, EFCC warns BDC operators
Banking

Three ex-bankers connive to defraud bank N20bn

Three former workers of First Bank of Nigeria have been arraigned before a Lagos State Special Offences Court, Ikeja over attempted fraud charges. The Economic and Financial Crimes Commission arraigned the culprits, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, for allegedly attempting to steal N20bn from the bank. PUNCH Metro reported that the […]