Nigeria’s financial sector suffers N52.26 billion loss to fraud in 2024 – NIBSS report
Financial institutions in Nigeria lost N52.26 billion to fraud in 2024 according to the latest report by the Nigeria Inter-Bank ...
Tag: Financial Institutions
CBN reduces ATM withdrawal charges, inter bank transfers fees
The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review ...
How interest rates impact your wallet
It is imperative to understand how interest rates impact our wallets.
Financial institutions generate N24.77 billion VAT in 2020, up by 44.4% Y-o-Y
Banks and other financial institutions generated on behalf of the government, a total sum of N24.77 billion as VAT in ...
Nigeria’s telecom sector posts double digit growth of 18.1%, manufacturing, others contract
According to the GDP report, the telecommunication sector grew by 18.1% in real terms during the second quarter of 2020.
Financial Institutions still the fastest growing sector in Nigeria
Banks and other financial institutions posted a 24% GDP Growth Rate for the First Quarter of 2020.
CBN to banks: Obtain customers’ credit history before giving loans
The Central Bank of Nigeria has issued that all financial institutions under its body should ensure that they evaluate a ...
