A recent crackdown has resulted in the dismissal of 110 bank employees over the past two years due to their involvement in various fraudulent activities. This...
Stanbic IBTC Holdings Plc, a prominent financial institution, has unveiled its half-year 2023 financial report. This report reveals a 121.46 percent increase in Profit After Tax...
Market intelligence suggests that Bureau de Change (BDC) operators in Nigeria could be heading for a showdown with the Central Bank of Nigeria (CBN) due to...
For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited...
Non-Compliance with Audited Financial Statements and Quarterly Reports Submission Results in Penalties
There is mounting evidence suggesting that commercial banks and merchant banks in Nigeria have increasingly turned to the Central Bank of Nigeria (CBN) for liquidity, with...
A recent report by the Financial Institutions Training Center (FITC) has exposed a staggering surge in fraud cases. These nefarious activities have collectively drained an alarming...
The Nigeria Inter-Bank Settlement System (NIBSS) announced a substantial loss of approximately N9.5 billion within the banking sector for the year 2023. The disclosure was made...
The Central Bank of Nigeria has unveiled a new foreign exchange price verification system tailored to facilitate importer access to forex. The announcement was made by...
Wema Bank has entered into a strategic partnership with the payment platform, enza group, to offer businesses enhanced and cost-effective payment options with a focus on...
