Five individuals involved in the Offa robbery incidents have been found guilty of illegal possession of firearms, armed robbery, and culpable homicide. Justice Haleemah Salman of the Kwara State High Court stated that the offences are punishable by death. The…
Nigerian banks have generated approximately N30 trillion in new loans and support for the private sector over a one-year period, demonstrating their pivotal role in the country’s economic renewal efforts. According to Cordros Securities Weekly Economic and Market Report, recent…
By Seun Ibiyemi The government has collected a total of N78.95 billion from the N50 levy imposed on electronic bank transfers within the first five months of 2024. Analysis of the Federal Allocation Accounts Committee report released by the National…
The digital banking channels of many commercial banks were shut down on Thursday due to widespread internet disruption that affected parts of East and West Africa. Major undersea cables close to Abidjan, Côte d’Ivoire, are reportedly damaged, and this caused…
The Association of Chief Audit Executives of Banks in Nigeria has called for stricter regulations of the fintech space as well as the operations of the Bureaux de Change. The association also hailed the Central Bank of Nigeria over its…
Lagos State Governor, Mr. Babajide Sanwo-Olu has facilitated a sum of N2 billion from the private sector as donations for security in the State. This is coming as records hit four years of the State with no bank robbery as…
Guaranty Trust Bank Ltd (GTB) has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that GTB has been recognised as the leading financial institution in Nigeria. Announcing the award,…
By Sodiq Adelakun In a bid to maintain equivalent of the foreign currencies, many Deposit Money Banks (DMBs) have been asked to increase funds in Naira accounts for FX allocation through Form A and Form Q. This is coming after…
Nigerian experts have called for tighter supervision of banks even though the Central Bank of Nigeria (CBN) has assured that Nigerian banks do not have links with the troubled foreign lenders. The experts made the call at the seventh edition…
Barely four days after the Governorship and State House of Assembly elections, bank customers on Wednesday are still being confronted with cash crunch. The cash crunch has continued for over three months now, without any respite on the horizon. It…
