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…

4 weeks 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…

2 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…

2 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…

4 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,…

11 months 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…

11 months 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