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Tag: banks

Are FinTechs Taking Over The Roles Of Commercial Banks?

It's not new that every single year, we see a lot FinTech startups springing up,…

CBN Returns N51.9bn Illegal Deductions To Bank Customers

The Central Bank of Nigeria has said that it has recovered over N51.9bn illegally deducted…

TSA Policy: FG Serves Seven Banks With Forfeiture Orders

For contravening of its Treasury Single Account policy, the Federal Government has served seven banks…

Court Orders 7 Banks To Remit $793m To CBN

The Federal High Court in Lagos on Thursday ordered seven commercial banks in the country…

Ecobank To Provide Forex For SMEs

Ecobank Nigeria says operators of the Small and Medium Enterprises in the country can approach…

Bankers Should Face Trial For Stolen Funds –Osinbajo

Acting President Yemi Osinbajo has called for the prosecution of banks and their officials who…

23 Banks Received N28.7bn Inflows From MMM Transactions

The 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has revealed that within…

Nigerian Banks’ Total Assets Decline To N32 Trillion

Nigeria’s Deposit Money Banks suffered a 0.53 % decline in value by the end of…

Loans From Banking Sector Rise To N16.372 Trillion

The audited results of 2016 for 14 banks quoted on the Nigerian Stock Exchange (NSE)…

Forex: CBN Bars First Bank, UBA, FCMB & More From SME Sales Window

The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, the United Bank for…