In the realm of Nigeria’s financial sector, a disconcerting surge in bank fraud cases has rattled stakeholders and raised significant concerns about the country’s security of...
Guaranty Trust Holding Company Plc has announced a 155.2% increase in profit before tax to N433.2 billion for the period ending September 30, 2023. This substantial...
Today, two major international financial institutions, Standard Chartered Bank via its innovation, fintech and ventures arm SC Ventures in Singapore, and Deutsche Bank in Germany have completed the first...
Globally and in most of Africa profits are up, thanks to rising interest rates, but financial institutions need to reinvent themselves in the face of major...
Nigeria’s top seven most profitable publicly-listed companies have reported a total profit before tax of ₦1.89 trillion ($2.43 billion) in the first half of 2023. The...
Customer complaints to five major Nigerian banks have surged by an alarming 117% year-on-year, with the number of grievances skyrocketing from 3,156,704 in June 2022 to...
The African Export-Import Bank (AFREXIM) finds itself in a financial conundrum as it attempts to fulfill its commitment to provide a $3 billion loan to the...
Impressive Recoveries and Asset Realizations Lead to Substantial Payout
Deposit Money Banks (DMBs) in Nigeria have seen an 82.15 percent decline in borrowing from the Central Bank of Nigeria (CBN) under the Standing Lending Facility...
In the first half of 2023, customers of Nigeria’s top nine commercial banks paid a whopping N154 billion in fees for utilizing electronic banking services, reflecting...