Kidnappers Now Using Banks to Receive Ransom Payments — Security Expert Raises Alarm A security expert, Kabir Adamu, has raised fresh concerns over a growing trend...
Recapitalisation: 30 Nigerian banks meet CBN minimum capital requirement The Central Bank of Nigeria (CBN) has announced that 30 Nigerian banks have now met the new...
FG Orders Banks, Fintechs to Begin 7.5% VAT on Electronic Banking Services from Jan 19 The Federal Government under President Bola Tinubu has directed all banks...
Banks reactivate naira cards for international transactions Two leading Nigerian commercial banks, United Bank for Africa (UBA) and Wema Bank, have reinstated international transaction capabilities on...
13 banks clear USSD debts as Nigeria shifts to airtime-based billing model In a development for Nigeria’s digital financial services, thirteen commercial banks have fully settled their outstanding...
Banks increase SMS transaction alert fee nationwide Beginning tomorrow, bank customers across Nigeria will pay N6 for every SMS transaction alert an increase from the previous...
Nigerian banks generated N14tn from loans – Report Nine leading Nigerian banks raked in a staggering combined interest income of N14.26 trillion in 2024, reflecting a sharp increase...
NELFUND: How schools, banks are ripping off students The National Orientation Agency (NOA) said its recent investigations have revealed have uncovered several unethical practices by some institutions...
$3tn illicit funds: CBN asks banks to follow global standards The Central Bank of Nigeria (CBN) has directed financial institutions nationwide to strictly comply with global banking standards to...
Fraudsters manipulate BVN to steal N329m from banks The Nigeria Inter-Bank Settlement System reveals how fraudsters stole N329m through the use of static images to register for...
