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Army discovers stolen 1m litres crude oil in Rivers

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NIBSS unveils advanced digital platform to modernise, enhance

  • 18th June 2025

PZ Cussons quits Nigeria palm oil business, sells

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Tag: Banking

Nigeria in talks to rejoin JP Morgan bond index
Banking

Morgan Stanley to cut 2,000 jobs in workforce restructuring

Wall Street giant Morgan Stanley is set to lay off approximately 2,000 employees later this month in a move aimed at improving operational efficiency, according to a report by Reuters. The job cuts will account for about 2% to 3% of the company’s workforce, excluding financial advisers. A source familiar with the matter, who requested […]

Iran crypto exchange loses $90m in cyberattack
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 where banking malware attacks increased by 8% in 2023. Despite an overall 10% decrease in threats nationwide, the surge in attacks targeting online banking credentials and sensitive information is a cause for substantial concern. According to the statement, “Nigeria saw […]

FBNH, GTCO join NGX banking index
Business

FBNH, GTCO join NGX banking index

The Nigerian Exchange Limited reviewed the indexes and added some banking stocks to the Banking Index, including FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc. The PUNCH reported that according to a corporate announcement made by the exchange on Tuesday, the equities of Jaiz Bank, Unity Bank, Wema Bank, […]

Banking

Banks record 117% increase in customers’ complaints- Report

  Complaints from customers of five major Nigerian banks have surged by an alarming 117 percent year-on-year, reaching 6,865,217 by June 2023, according to reports by The PUNCH. This substantial increase is in stark contrast to the 3,156,704 complaints registered during the same period in 2022. Furthermore, financial claims linked to these complaints have escalated […]

LGBTQ+ focused bank Daylight shuts down
News

LGBTQ+ focused bank Daylight shuts down

  An LGBTQ+ banking platform, Daylight, is shutting down it’s operations. According to the CEO, Rob Curtis, the bank will cease operations on June 30. This comes months after New York Magazine published an explosive feature on the neobank. New York Magazine’s feature talked about the lawsuit filed by three former employees on the inappropriate […]

Wema Bank raises N21bn capital, reaffirms commitment to rights issue
Banking featured

Wema Bank appoints Moruf Oseni new MD

Wema Bank Plc’s Board of Directors has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer. Oseni will succeed Ademola Adebise after serving in an acting role beginning January 1, 2023, according to a news release released by the Bank on Saturday. Oseni started working at Wema Bank in 2012 as an […]

Kuda sued over gender discrimination, wrongful termination in UK
Banking

Kuda begs as customers’ money vanish after second glitch

Kuda Bank has apologized to its customers after another technical failure in its system caused money to vanish. As consumers grow anxious, the bank stated that it is attempting to address the problem as soon as possible. The business has seen two significant downtimes in less than two months; the first occurred in February of […]

CBN denies rumors on suspension of OPAY, PALMPAY
Banking

CBN denies rumors on suspension of OPAY, PALMPAY

The rumors that the Central Bank of Nigeria has suspended accounts of Fintech businesses like OPAY and PALMPAY have been labeled as false by the bank. The viral rumor is “just fake,” CBN’s Acting Director of Corporate Communications, Isa AbdulMumin, told the News Agency of Nigeria in Abuja on Friday. According to the widely circulated […]

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