News Niger Banks: World Bank reaffirms its commitment to Niger
The challenge of education was also highlighted in Niger which faces regular and deadly attacks by jihadist groups.
News Niger Banks: Sterling Bank Changes to Holding Company, Unveils Two Banking Subsidiaries, Gets CBN Approval
Sterling Bank has secured CBN's approval in Principle to operate as a Holding Company and operate two separate subsidiaries under the new entity in Nigeria.
News Niger Banks: Access, Fidelity Lead as Nigerian Banks Acquire Other Banks in Africa
Access Bank is leading the pack of other Nigerian banks on the list of most bank purchases across Africa in the last 4 years in a drive to dominate the market.
News Niger Banks: Nigerian central bank raises $225 cash withdrawal limits
The bank had recently announced directives to limit the amount of cash in circulation in Africa’s largest economy.
News Niger Banks: Telcos threaten to disconnect banks’ USSD subscribers over N80bn debts
Nigerian Telecommunication Companies have threatened to disconnect banks’ Unstructured Supplementary Service Data, USSD, services over ...
News Niger Banks: New naira: Bank branches not open on Saturday to collect deposits
Some Nigerian banks are not going to open their doors for Saturday banking to accept deposits due to the euphoria of Christmas, BusinessDay findings ...
News Niger Banks: Nigerian Banks, FinTechs compete for N400 trillion instant payment market
CBN's policy to limit cash withdrawals are replace new notes is heating up an already competitive market for Nigeria's instant transfer gold mine.
News Niger Banks: Nigerian banks lack capacity to fund sea-worthy vessel – Shipbrokers
THE Institute of Chartered Shipbrokers, Nigeria chapter, has said Nigerian banks lack the financial capacity to fund the purchase of a sea-worthy ship. The chairman of ICS, Dr Chris Esoba Ebare, in a ...
News Niger Banks: The Nigerian bank appointment that questions CBN’s regulatory judgement
The confirmation of the new head of FBN Holdings fails to conform with the provisions of CBN’s Code of Corporate Governance for...
News Niger Banks: NEXIM Bank Secures N10.2bn, $3.25m in Loan Recovery Drive
The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has said the introduction of aggressive debt recovery and proactive loan measures had increased recoveries ...
News Niger Banks: Nigerian man sentenced for stealing checks, credit cards
BALTIMORE (AP) — A Nigerian national has been sentenced to more than four years in federal prison for his part in a mail fraud scheme in which he and another man stole bank checks and credit and debit cards and conducted transactions based on what they stole, a federal prosecutor in Maryland said. U.S. Attorney for Maryland Erek L. Barron said in a news release on Wednesday that a judge sentenced Samson A. Oguntuyi, 29, of Atlanta to 54 months,...
News Niger Banks: In Line with CBN’s Directive, Nigerian Banks Expose Clients with Suspicious Dollar Transactions
In line with the resolve of the Central Bank of Nigeria (CBN) to halt a regime of arbitrage in the foreign exchange market, some Nigerian banks have started exposing the identities of customers, ...
News Niger Banks: Heritage Bank, NGO position women for wealth creation
Heritage Bank Plc in partnership with the Lagos Chapter of Federal Government College Abuloma Old Girls’ Association has strategically positioned Nigerian ...
News Niger Banks: Rogue Nigerian Bankers Steal Almost N1Billion Through ATM Card Scheme
An investigator with the Economic and Financial Crimes Commission (EFCC) told a Lagos court on Thursday how four bank officials cloned ATM cards and linked some accounts to them to steal N874 million...
News Niger Banks: Nigerian businesses secure N35trn from Nigerian banks
Nigerian businesses as at November 2021 secured N35.3 trillion from Nigerian banks according to data from Central Bank of Nigeria (CBN). The data titled ‘Money Statistics’ showed the credit secured by ...
News Niger Banks: CBN escrow of DisCos’ bank accounts saved sector from collapse – Experts
Energy experts have claimed that the decision by the Central Bank of Nigeria (CBN) to escrow the bank accounts of electricity distribution companies in August, 2020, saved the power sector from ...
News Niger Banks: Delco Man Admits Role In $6 Million Nigerian Bank Fraud Ring
The bank fraud conspiracy charge carries a maximum potential penalty of 30 years in prison and a maximum fine of $1 million.
