30 results
- 20 Dec 2022
FITC Advocates Funding Intervention for Movie Industry
The Financial Institutions Training Centre has urged financial institutions in the country to create funding interventions for Nollywood to enable it to be more productive and have a greater impact…
- 30 Jan 2016
DDoS Protection: Broad, Multi-Faceted Approach for Financial Institutions
With Distributed Denial of Services (DDoS) attacks becoming more complex and sophisticated, so must any defensive strategy that attempts to fully protect a financial institution, according to Arbor…
- 15 Sept 2024
Nigerian Banks Lose N42.6Bn to Fraud in Q2 2024 - FITC
Financial Institutions Training Centre (FITC), has reported an 8,993 per cent rise in fraud losses in Nigeria banks, totaling N42.6 billion in second quarter of this year. The report noted that the…
- 18 Apr 2022
Emefiele, Malize, to Deliver Papers at the Third Edition of ‘The Industry Summit’
The Governor, Central Bank of Nigeria, (CBN), Mr. Godwin Emefiele and Chief Executive Officer of Financial Institution Training Centre, (FITC), Mrs. Chizor Malize have been scheduled to deliver…
- 8 Jul 2024
Banks Lose N468m to Fraud in Q1 2024 -FITC
Deposit Money Banks (DMBs) in Nigeria recorded a total loss of N468.42 million dues to fraudulent activities in the first quarter of 2024, according to Financial Institutions Training Centre (FITC).…
- 29 Jan 2023
FITC Says Banks’ Customers Lost over N1BN to Fraud in Q2 2022
A report by the Financial Institutions Training Centre (FITC), has disclosed that Bank customers in Nigeria lost over one billion naira to Banks’ branch and mobile channels fraud in the second…
- 13 Jul 2023
Bank Customers Lose N472m to Bank Fraud in Three Months – Report
Report by the Financial Institutions Training Centre (FITC) shows that Bank customers in Nigeria lost N472 million to fraud in the first quarter of 2023, according to financialtrust report. It noted…
- 16 Jan 2023
Customers of Banks in Nigeria Lose N1.17Bn in Q2 of 2022- FITC
Bank customers in Nigeria lost a total of N1.17 billion in the second quarter of 2022, according to a report by Financial Institute Training Centre (FITC). FITC is a non-profit professional…
- 4 May 2014
iDEA Centres to Become Financial Independent in 2 Years
Information Technology Developers Entrepreneurship Accelerator (iDEA) is to become financially self sustaining by 2016, according to Federal Ministry of Communication Technology (FMCT) Progress…
- 30 Aug 2013
NFIU to Sanction Banks over Money Laundering
Nigerian Financial Intelligence Unit (NFIU), yesterday, threatened to sanction financial institutions in the country, following their non-compliance with certain anti-money laundering provisions. Ms.…
- 1 Sept 2013
Capitoline advocates Data Centre Security Management Compliance for the Financial Sector
Capitoline LLP, an independent specialist engineering and management consultancy, and KITS Technologiesa data Centre Infrastructure service provider recently held a Data Centre Seminar in Nigeria.…
- 19 Sept 2017
Banks’ Chiefs, Others Carry Out Insider Abuses- CBN
Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has expressed the apex bank’s dismay over the level of corporate governance abuses perpetrated by the top echelon in banks, and warned that…
- 7 Sept 2020
Obaro, SystemSpecs Boss Urges Firms to Embrace Digital Transformation
With businesses around the world confronting the challenges that arose as a result of the COVID-19 pandemic and fully adjusting to the realities of a new normal, the need for organisations to fully…
- 10 Jul 2026
SEC Unveils Plans to Enforce Mandatory ESG Reporting for Large Firms Next Year
The Securities and Exchange Commission (SEC) has unveiled plans to make sustainability reporting mandatory for large public interest entities from 2027 as Nigeria moves to align its corporate…
- 18 Dec 2024
Fraud in Bank Branches Surges by 31 Percent in Q2 — FITC
The Nigerian banking sector has witnessed a concerning rise in fraudulent activities, with incidents of fraud in bank branches increasing by 31 percent in the second quarter of 2024. This alarming…
- 20 Oct 2008
Nigerian Banks Have Credibility Problem- Bavisi
Jay Bavisi , co –founder and president of the EC-Council, international consulting and certification institution has warned that if Nigerian banks and other financial institutions fail to brace…
- 24 Apr 2024
Mastercard and CEBIH join forces to bolster cybersecurity in Nigeria
Mastercard, in collaboration with the Committee of E-Banking Industry Heads for Nigeria (CeBIH), recently hosted the second edition of its annual Fraud Forum in Lagos, Nigeria. Building on the…
- 17 Mar 2021
SystemSpecs Makes Case for Broadband Penetration to Deepen Financial Inclusion
SystemSpecs, has supported calls by stakeholders in Nigeria’s business ecosystem for increased broadband penetration to deepen financial inclusion as a means of social and economic transformation in…
- 14 Nov 2025
Banks Lost N3.3Bn to Fraud in Q1 of 2025 – FITC
Nigerian Banks have recorded a N3.3 billion loss to fraudulent activities during the first quarter of 2025, a 603% year-on-year (YoY) increase from N468 million in the first quarter of 2024,…
- 12 Mar 2024
PAFON: Digital Encode, Cybervergent, Payble Sign Up for Payments Forum Nigeria 1.0
Payments Forum Nigeria (PAFON), the cross-industry platform focused on addressing issues that require broad cooperation and coordination across many constituents in the payments industry, has…
- 11 Dec 2018
UBA Academy Gets CIBN Accreditation for Excellence in Training, Capacity Building
The Chartered Institute of Bankers of Nigeria(CIBN) has certified and awarded UBA Academy the certificate of accreditation in line with the Central Bank of Nigeria (CBN’s) Competency Framework for…
- 25 Aug 2019
ACAEBIN Trains Internal Auditors on Cyber Defence
Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has held its first stream of 2019 capacity building for Internal Auditors on Cyber Defence. The three-day training held…
- 9 Mar 2021
NCC Boss, Danbatta Confirmed to Deliver the 2021 Bullion Lecture
Prof. Umar Garba Danbatta, executive vice chairman/chief executive officer, Nigerian Communications Commission (NCC), is the distinguished personality to deliver the 2021 edition of The Bullion…
- 1 Jul 2024
Stakeholders Urge Fintech Operators to Harness Growth Opportunities in the Sector
Financial industry leaders have urged financial technology (fintech) firms to maintain trust, balance performance, and compliance in a digital age to harness opportunities in the sector. The…
- 5 Dec 2021
Banks Disburse N7 Trillion Loans to Nigerians in 3 Years
Commercial banks in Nigeria in the last three years, disbursed over N7 trillion in loans and advances to customers, a feat the Central Bank of Nigeria (CBN) said was achieved through its loans to…
- 2 Oct 2013
CWG, Wincor Nixdorf Partner UBA on ATM Deployment
United bank for Africa Plc (UBA), one of Africa’s leading financial institutions, and Computer Warehouse Group Plc (CWG), the leading Pan African Systems Integration Company, have signed an agreement…
- 15 Dec 2013
Stakeholders @ Bulkpost Forum Rue Dividend Warrants Conversion
Stakeholders at the Customers’ Forum organized by the Bulkpost venture, an outfit of the Nigeria Postal Service (NIPOST) have frowned at unethical practices in the industry, especially the emergence…
- 19 Apr 2022
Zulum, Sanwo-Olu, Emmanuel, Emerge ‘The Industry Governors of the Year’ as Emefiele, Shobanjo, Onyeali-Ikpe, Odigbo, others Win
The Industry Newspapers, organisers of The Industry Summit/Awards, formerly The Industry Evening Summit, has announced Governor of Borno State, Prof, Babagana Zulum, Governor of Lagos State, Mr.…
- 17 Feb 2015
Tony Elumelu Foundation Announces New Chief Executive
The board of Trustees of the Tony Elumelu Foundation announces the appointment of Professor Reid E. Whitlock as Chief Executive of the Foundation, commencing February 15. Professor Whitlock’s…
- 12 Nov 2023
Fraud Examiners Urges Safer Digital Payment Ecosystem
The Association of Certified Fraud Examiners (ACFE), Lagos chapter has called for strengthened security on digital payment platform to enhance adoption level and boost Nigerians’ confidence in the…