Union Bank, Nigeria’s leading financial institution, recently rewarded 452 UnionKorrect account holders with over N21 million during draws held at its Douglas Road Branch in Owerri,...
Leading Nigerian banks, United Bank for Africa (UBA) and First City Monument Bank (FCMB), have notified their customers of new ATM withdrawal charges set to take...
Stanbic IBTC Bank has announced an ambitious target to disburse N100 billion in auto loans by the end of 2025 to strengthen its partnership with Autochek,...
Nigerian banks recorded a N52.26 billion loss to fraud in 2024, according to the latest Nigeria Inter-Bank Settlement System (NIBSS) Fraud Report. This represents a 196...
Stanbic IBTC Holdings Plc has notified investors and the Nigerian Exchange Limited (NGX) of a possible delay in the release of its 2024 full-year audited financial...
The number of active bank accounts in Nigeria surged by 48.89% to 311.65 million in December 2024, according to the latest data from the Nigeria Inter-Bank...
With the March 2026 recapitalisation deadline approaching, Nigeria’s banking sector is experiencing a marked divide between tier-one banks and their smaller counterparts. While leading institutions have...
The Nigerian Communications Commission (NCC) has approved the disconnection of Unstructured Supplementary Service Data (USSD) codes assigned to nine financial institutions due to unpaid debts. The...
The global banking sector is predicted to experience significant job cuts amid the rising interest in artificial intelligence (AI) and its growing efficiency. Up to 200,000...
Consumer credit declined by 17.6% to N3.5 trillion in October 2024 from N4.25 trillion recorded in September, according to the Central Bank of Nigeria (CBN) latest...