Banking & Finance
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16₦25.85b Lost to Bank Fraud Last Year
Banks loss N25.85b to fraud last year, the Nigeria Interbank Settlement System (NIBSS) Plc has said in a data. The figure, the...
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343Banks Record Rising Loan Defaults Amid Strong Demand –CBN
Banks operating in Nigeria have reported a broad rise in loan defaults across households and businesses, showing growing stress in the credit...
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19Recapitalisation: 20 Banks Hit Capital Mark Ahead of Deadline
The Central Bank of Nigeria has said that about 20 deposit money banks have already met the new capital requirements under the...
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19‘Non-Interest Banks Account for 1.7% of Nigeria’s Banking System’
Non-interest banks account for just 1.7 per cent of Nigeria’s banking system despite more than a decade of regulatory backing and growing...
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14FCCPC Cracks Down on Loan Apps, Brings 521 Digital Lenders Under New Regulation
Nigeria’s fast-growing digital credit market has officially come under tighter regulatory oversight, with 521 digital lending companies now registered with the Federal...
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501Bank Recapitalisation May Increase Market Concentration –CBN
The Central Bank of Nigeria has cautioned that the ongoing banking sector recapitalisation could increase concentration risk in Nigeria’s capital market, potentially...
