Financial Services

While the levy is to be charged on all electronic transactions and applied at the point of transfer origination, the...

The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to...

Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria...

Bank fraud continues to be a critical issue in Nigeria, impacting many through various techniques that lead to significant financial...

Banks and other financial institutions across Nigeria have reinstated processing fees on large cash deposits following the expiration of the...

The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various...

The Nigeria Inter-Bank Settlement System (NIBSS) 2023 Annual Fraud Landscape reveals an alarming trend in international fraud activities targeting Nigerian...

Only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023, indicating a lenient stance towards internal...

Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel...

The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) by 600 basis points...