Tag: banks

The Central Bank of Nigeria (CBN) has given deposit money banks three weeks to complete a new Cybersecurity Self-Assessment Tool ...

The Nigeria Deposit Insurance Corporation (NDIC) has significantly sped up the process of reimbursing depositors when a bank fails, promising ...

The Central Bank of Nigeria (CBN) has announced that 20 deposit money banks (DMBs) have fully complied with the new ...

Nine of the country's largest banking institutions collectively earned N4.115 trillion in profit after tax during the first three quarters ...

Union Bank and First City Monument Bank (FCMB) have announced that, starting July 1 and July 2, 2025, respectively, USSD ...

Fitch Ratings has raised concerns over the growing risks faced by Nigerian banks, citing their heavy reliance on government debt ...

Ten commercial banks listed on the Nigerian Exchange (NGX) have collectively incurred N3.77 trillion in loan impairment charges from 2023 ...

On June 4, 2025, data from the Central Bank of Nigeria (CBN) revealed that commercial banks’ deposits with the apex ...

The Nigerian Communications Commission (NCC) has authorized mobile network operators, including MTN, Airtel, Globacom, and 9mobile, to disconnect the USSD ...

In a move to ease cash availability, Deposit Money Banks in the Federal Capital Territory have raised their maximum over-the-counter ...