Financial Services

Regulatory stakeholders in the financial sector have been partaking in the adjustments to BOFIA 2004.

Banks around the world were already under pressure to fully deploy Artificial Intelligence prior to the pandemic.

The bill will give the CBN new sweeping powers to curb financial fraud and manage distressed banks.

NEXIM Bank was established in 1991 and is devoted to diversifying Nigeria's non-oil export base.

Each non-interest deposit Bank to set aside 5% of its PAT annually as contribution to the Fund.

Insiders are prohibited from trading a company's stock during a closed period.

If you owe in Bank A your debt can be set off against your account balance in Bank B.

The bank will then discuss, analyze your request and if successful will disburse the funds.

Cybercriminals have been on the prowl trying to steal, even as banks intensify efforts to warn customers.

Note that some companies have had to revise their earnings estimates due to pandemic.