Banking & Finance
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189Our Target is to Liquidate Failed Banks Without Litigation –NDIC
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan said the target of the corporation is to continue the...
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131Nigeria’s Banking Fraud Tripled From ₦11bn to ₦52bn in 4yrs –NIBSS
Fraud transactions in Nigeria’s banking system have tripled over the past four years from N11 billion to N52 billion, statistics from the...
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126World Bank Approves $2.2b Fresh Loans for Nigeria
The federal government is expected to receive fresh loans from the World Bank, totalling $2.2 billion in 2025. According to the Washington-based...
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144Banks‘ll be Liable for Failure to Protect Customers Data –FCCPC
In bid to strengthen compliance as well as protect consumers’ rights, the Federal Competition and Consumer Protection Commission (FCCPC) at the Weekend...
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221Currency in Circulation Hits Record High of ₦5.24tr, Now 90.4% of Cash Outside Banks
The total currency in circulation in Nigeria surged to an all-time high of N5.24 trillion in January 2025, marking a 43.5 per...
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177NDIC Charges External Solicitors on Debt Recovery
The Nigeria Deposit Insurance Corporation has charged its external solicitors to be diligent in aiding the corporation to achieve its mandate of...
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128CBN Probes 19.7 million Dormant Bank Accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the...
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86Money Supply Hits ₦110.9tr as MPC Meets
Nigeria’s broad money supply (M3) rose to N110.98tn in January 2025, representing a 17.3 per cent year-on-year increase from N94.61tn recorded in...
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144CBN Orders Bank Directors with Bad Loans to Resign
The Central Bank of Nigeria (CBN) has directed bank directors with non-performing, insider-related loans to immediately resign from their positions. Insider loans...
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160Banks Must Make Cash Available in ATMs –CBN
The Central Bank of Nigeria has urged banks to ensure that their customers have access to cash at their Automated Teller Machines...
