Service disruptions loom as Nigerian banks upgrade systems
Nigerian bank customers are expected to experience increased service disruptions in the…
Insecurity forces closure of five microfinance banks in southeast
A minimum of five microfinance banks in Nigeria’s southeast were shut down…
Banks close 23.3 million customer accounts in July
Commercial and merchant banks in Nigeria closed 23.3 million customer accounts in…
Banks, others shut amid national hunger protest
Banks and other financial institutions across the country will be closed on…
Banks deposits rise 63% to N115tn amid competition from Fintechs
Even in the face of fierce competition from Fintechs, individuals and institutions…
Top five banks in Q1 2024 based on pre-tax profit
Banks have continued to record impressive financial results in the first quarter…
Banks record N438bn from digital transactions in 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial…
Nigerian banks close two million accounts over inactive BVN, NIN
Commercial banks in Nigeria closed 2.021 million bank accounts in the first…
10 banks operating expenses to hit N3trn
The combined operating expenses of 10 Nigerian banks rose by 42.51 per…
Banks brace for inflow surge to meet new capital requirements
Credit rating agency, Agusto and Co. have forecasted that up to N4…
Nigerian banks, others borrowed N30.45tn from CBN in Q1 2024 – Report
Nigerian banks and merchant banks in the first quarter of this year,…
CBN raises commercial banks capital base to N500bn
Nigeria's Central Bank has raised the capital base of commercial banks with…