Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to...
Bank customers in the country abandoned 2.6million accounts between March and May this year, according to the “Industry Customer Bank Account Data” for the months of...
Bank accounts in Nigeria have risen by 35 million between January to May 30th, 2020, data hosted on the website of the Nigeria interbank Settlement system...
Sterling Bank Plc, Nigeria’s leading digital bank has launched a new, unique but simple banking application that can be used for all banking and payment transactions...
Nigeria Inter-Bank Settlement System Plc (NIBSS) has reported that 9.1 million Bank Verification Numbers (BVN) are inactive in various banks nationwide as at December 31, 2019....
Out of the N65.21tn loans granted by Deposit Money Banks in 2019, about N5.28 trillion of them are non-performing loans. The figure is contained in the...
Central Bank of Nigeria (CBN) has suspended indefinitely, the clearing of cheques instruments in the Nigerian clearing system The apex bank said this in a circular...
Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’ identification regime aimed at enhancing transparency in the capital market and...
Banks’ customers carried out a total of N97.32tn worth of financial transactions on the instant payment and Point of Sale platform between January and November this...
Banks, insurance companies and government institutions in Nigeria spent an estimated sum of N270.22m to prevent cyberattacks in 2018, according to African cybersecurity study by Demadiur...
