Banks

Nigeria Cybersecurity Crisis Deepens as Ransomware Attacks Hit CAC, Banks, Financial Systems

Nigeria Cybersecurity Crisis Deepens as Ransomware Attacks Hit CAC, Banks, Financial Systems Nigeria is grappling with a major escalation in…

3 months ago

Kidnappers Now Using Banks to Receive Ransom Payments — Security Expert Raises Alarm

Kidnappers Now Using Banks to Receive Ransom Payments — Security Expert Raises Alarm A security expert, Kabir Adamu, has raised…

3 months ago

Recapitalisation: 30 Nigerian banks meet CBN minimum capital requirement

Recapitalisation: 30 Nigerian banks meet CBN minimum capital requirement The Central Bank of Nigeria (CBN) has announced that 30 Nigerian…

4 months ago

FG Orders Banks, Fintechs to Begin 7.5% VAT on Electronic Banking Services from Jan 19

FG Orders Banks, Fintechs to Begin 7.5% VAT on Electronic Banking Services from Jan 19 The Federal Government under President…

6 months ago

Banks reactivate naira cards for international transactions

Banks reactivate naira cards for international transactions Two leading Nigerian commercial banks, United Bank for Africa (UBA) and Wema Bank,…

1 year ago

13 banks clear USSD debts as Nigeria shifts to airtime-based billing model

13 banks clear USSD debts as Nigeria shifts to airtime-based billing model In a development for Nigeria’s digital financial services, thirteen commercial…

1 year ago

Banks increase SMS transaction alert fee nationwide

Banks increase SMS transaction alert fee nationwide Beginning tomorrow, bank customers across Nigeria will pay N6 for every SMS transaction…

1 year ago

Nigerian banks generated N14tn from loans – Report

Nigerian banks generated N14tn from loans – Report Nine leading Nigerian banks raked in a staggering combined interest income of N14.26 trillion…

1 year ago

NELFUND: How schools, banks are ripping off students

NELFUND: How schools, banks are ripping off students The National Orientation Agency (NOA) said its recent investigations have revealed have uncovered…

1 year ago

$3tn illicit funds: CBN asks banks to follow global standards

$3tn illicit funds: CBN asks banks to follow global standards The Central Bank of Nigeria (CBN) has directed financial institutions nationwide to strictly…

1 year ago