I have seen fraud happen in minutes, often at a time when most people believe nothing is happening. Anyone who…
Browsing: Nigerian Banks
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigerian banks have raised a combined N4.61 trillion in…
The Central Bank of Nigeria (CBN) has directed banks and other card issuers to significantly expand the deployment of Automated…
Nineteen Nigerian banks have met the Central Bank of Nigeria’s (CBN) revised minimum capital requirements ahead of the March 31,…
Nigerian banks will begin charging a ₦50 stamp duty on electronic transfers of ₦10,000 and above from January 1, 2026,…
Nigerian commercial banks deposited a record N3.7 trillion with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility…
The Acting Director of Corporate Communications Department, Mrs. Hakama Sidi Ali confirmed the capitalization in Abuja, saying the new minimum capital base for commercial banks with national authorization is now N200 billion, while the new requirement for those with regional authorization is N50 billion.
The Economic and Financial Crimes Commission (EFCC) has revealed that approximately 70 percent of financial crimes in Nigeria are connected…
Complying with the directives, Ecobank Nigeria, in a notice, said several IMTOs including Western Union, MoneyGram, Rapidtransfer, Ria, and other IMTOs approved by the Central Bank of Nigeria have been affected.
Nigeria’s leading commercial banks suffered loan losses estimated at a combined $1 billion in the first half of 2023.