Nigerian banks are scrambling for funds. The foreign exchange (forex) reserves are dwindling, and the Naira is fluctuating. What an eventful year so far, and the...
Banks are pivotal entities within Nigeria’s financial landscape, embodying significant economic prowess and serving as pillars of stability. With a collective asset value nearing N150 trillion...
Story highlights Nigerian banking stocks have suffered a sharp decline in the second quarter, exacerbated by the Central Bank’s recapitalization directive. The FUGAZ stocks, comprising major...
Chief Executive Officers (CEOs) and Group CEOs of seven Nigerian banks will earn approximately N796.6 million in final dividends for 2023. The seven banks are United...
Banks and other financial institutions across Nigeria have reinstated processing fees on large cash deposits following the expiration of the Central Bank of Nigeria’s (CBN) temporary...
Nigerian banks have proven to be highly profitable. Last year alone, the publicly listed Nigerian banks are projected to surpass N3.5 trillion in profits for 2023,...
Only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023, indicating a lenient stance towards internal malpractices. An analysis of reports on...
Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel through which the largest amount was...
In 2023, Nigeria’s banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of the economy and strategic efforts to support...