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Three banks report 26,877 fraud cases in H1

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  Access Bank, GTB and Fidelity Bank recorded 26,877 fraud cases in the first six months of the year, according to analyses of their financial...

Banks deposits increase by 24% to N42tn – CBN

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  Total deposits in the banks rose by 24.17 per cent from N33.85tn as of the end of June 2021 to N42.03tn in the corresponding...

Banks’ total assets soars by N11.15tn in one year to N64.32tn...

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  Assets of Nigerian lending institutions had reached N53.17tn in the corresponding period of 2021. The 2022 numbers showed a 21 per cent increase over...

Banks’ maximum lending rate drops to a 5-year low at 26.61%-...

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  Banks have reduced the maximum lending rate to 26.61 percent, an over five-year low, amid a rising inflation rate that is expected to hike...

Four banks lose N1.77bn to fraudulent activities in 2021 – Report

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A total of N1.77billion has been lost by four Nigerian deposit money banks to fraudulent activities involving the banks’ employees and consumers in 2021. This...

CBN ends sales of forex to banks

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  The Central Bank of Nigeria (CBN) has disclosed that it wouldd stop the sale of foreign exchange to Deposit Money Banks (DMB) by the...

Banks, insurance firms to make N22.6bn from govt agencies in 2022...

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Grace Cofie Deposit Banks and Insurance companies are expected to make the sum of N22.6bn in bank charges and insurance premiums from government agencies which...

Banks’ borrowing from CBN rises 74% to N901bn

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  The shortage of funds (liquidity) in the interbank money market has led to banks relying more on the Central Bank of Nigeria (CBN) for...

Gauging the Forex Market

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It’s over two weeks that the Central Bank of Nigeria suspended forex allocation to bureau de change operators and adopted weekly supply to commercial...

Commercial banks refund N89.2bn to customers

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  About N89.2 billion has been returned to commercial banks in the country over complaints as at June, 2021. This was made public by the Central...

Kogi govt set to appoint new Ohinoyi of Ebira land

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Thw Kogi State Government says it would appoint a designate to assume the vacant stool of the Ohinoyi of Ebiraland next week. The stool has...