30 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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,…
- 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…
- 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…
- 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…
- 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…
- 30 Apr 2024
Banks Lose N2.09Bn to Frauds in Q4 2023 – FITC
Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel through which the largest amount was lost, according to report by Nairametrics. This was…
- 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…
- 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…
- 18 Oct 2012
Intel Wants Nationwide Broadband Connectivity – Ekundare
Olubunmi Ekundare, is Intel Nigeria country manager since mid-2011 with over 20 years of experience working in the Nigeria’s technology sector. He joined Intel in 2008 as Corporate Affairs Manager,…
- 30 Jul 2014
Exam Malpractice, Certificate Forgery Rock SEC
Allegations of certificate forgery and exam malpractices are rocking the Securities and Exchange Commission (SEC), according to the Nation newspaper In one of the incidents, a young lady was…
- 22 Nov 2013
Nigeria’s Highest Paid CEOs
Being a successful and influential chief executive officer takes hard work, guts, sacrifice and a more-than-average knowledge of how the business environment works. Many who wish to be successful and…
- 8 Nov 2013
Banks Lose N159Bn to e-Fraud
Mrs. Christabel Onyejekwe, executive director, Business Development, Nigerian Inter-Bank Settlements Systems, (NIBSS Plc), has said that Nigerian banks have lost a total of N159 billion to…
- 24 Nov 2024
PalmPay Reaffirms Commitment to Ensuring a Safe Financial Ecosystem @ Anti-Fraud Walk
As part of the commemoration of 2024 International Fraud Awareness Week, PalmPay over the weekend organized anti-fraud walk in Ikeja area of Lagos aimed at educating Nigerians on the need to secure…