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 ...
Tag: Nigerian Banks
News and stories about Nigerian banks
‘Banks lost N15billion to fraud, cyber-crime in 2018’
The Nigerian banking industry lost N15.15 billion to cyber-crime and forgeries in 2018. This amount was 539% higher than the ...
First Bank convenes digital lab open house, reinforces digital reinvention in banking
In an effort to stimulate innovation through synergy, First Bank of Nigeria Limited hosted the Digital Lab Open House on ...
Emefiele Accuses Nigerian Banks of Spreading Falsehood
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has accused the commercial banks operating in the country ...
Contract staff rise to record high 46,235 across Nigerian Banks
The latest data from the National Bureau of Statistics (NBS) reveals that Nigerian banks now have a total of 46, ...
Man detained in Ibadan for making a ‘cardless’ withdrawal
A Nigerian man identified as Azeez Morufu, has been apprehended in Ibadan for allegedly performing a cardless withdrawal from an ...
CEO of South Africa’s Absa Bank clarifies Nigerian expansion plans
Absa Bank's Chief Executive Officer, Ms Maria Ramos, made the clarification in Davos on the sidelines of the ongoing World ...
How banks aid corruption in Nigeria
In a video widely circulating, a former lawmaker Babatunde Ogala has accused banks of aiding corruption in the country.
This report exposes the serious problems within Nigeria’s banking sector
Without sugar-coating the situation, the report exposed the many problems plaguing the Nigerian banking sector; problems that could be its ...
Nigeria leads Africa in Non-Performing Loans
A non-performing loan (NPL) is a loan that is several months overdue or in default.
