Nigeria’s interbank lending rate surged to 28.58 percent in January 2025, the highest level in five years as the Central Bank of Nigeria (CBN) intensified its...
Global financial institutions faced heightened regulatory scrutiny as total fines imposed on banks rose to $4.5 billion in 2024, according to new data compiled by Finbold....
The CEO of Bankit Africa, Yen Choi, has announced that customers of the neo-bank can now earn money while playing games on their phones. Through gamification,...
Morgan Stanley is set to cut 2,000 jobs this month in its first major workforce reduction under Chief Executive Officer Ted Pick. The decision is part...
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...