THE National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members nationwide, following attacks on some commercial bank premises. It also said that it would not stop the withdrawal until the…
Deposits by Nigerian banks rose by N6.92trn from N36.13trn as of the end of October 2021 to N43.05trn in the corresponding period of 2022. This was contained in the personal statements of members of the Central Bank of Nigeria Monetary…
The five Nigerian leading financial institutions known as tier-1 banks or otherwise called FUGAZ, their last trading day results revealed that market capitalisation appreciated by 3.52 per cent to close the week at N2.46 trillion, even as investors gained a…
The market capitalisation of Nigeria’s tier-1 banks, otherwise known as FUGAZ, appreciated by 4.58 per cent to close at N2.41 trillion on Friday, as investors gained a total sum of N106 billion. At the end of this week’s five trading…
By Moses Adeniyi The Lagos State Government (LASG) has declared its move to partner strategically with Mobile Money and Bank Agents in a bid to protect Lagosians from the rising incidence of fraud perpetrated through Point of Sale (POS). The…
Stanbic IBTC Bank, Standard Chartered Bank Nigeria, and Citibank Nigeria Limited lead as capital importation from banks hit $38.18bn in almost three years. Between January 2019 and September 2021 (33 months), the total capital importation by banks amounted to $38.18bn.…
Uthman Salami & Joshua Elekwachi, Abuja Increasing litigations are likely to increase as banks have commenced the publication of names, account number and Bank Verification Number (BVN) of customers for defaulting in foreign exchange (FX) transactions. The Central Bank of…
…As EFCC sets June 1 deadline Investigations have revealed that officials with hidden assets in the banking sector are panicking following the announcement by the Economic and Financial Crimes Commission (EFCC) for all operators in the Nigerian financial system especially bankers…
