Nigerian Banks to Spend ₦82 Billion on Core Banking Software Upgrades Amid Service Disruptions
Nigerian banks are facing growing financial pressures as they overhaul their core banking software, with estimates suggesting that five of ...
Tag: Banks
CBN Plans to Transfer N5.5 Trillion Development Finance Activities to Private Banks, DFIs
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in ...
Banks’ Loans to Private Sector Declines by 11.93% in March
The loan granted by commercial banks to the private sector declined by 11.93 percent in March 2024, following the liquidity ...
We paid 1.084bn to 29,573 Depositors of Closed Microfinance, Primary Mortgage Banks- NDIC
Members of the public have been advised to patronise only banking institutions with a display of the Nigerian Deposit Insurance ...
Eight Banks, 18 other Companies Fined N125m for 2022 Quarterly Report Failure
...banks, insurance, media, oil and gas, others affected A total of eight banks and 18 other listed companies have been ...
Telcos to banks, we won’t forgive N120bn USSD debt
Telecommunication firms have said they will not be forgiving the N120bn Unstructured Supplementary Service Data (USSD) debt banks owe them. ...
Banks Only Authorised to Dispense New Banknotes via ATMs, CBN Clarifies
The Central Bank of Nigeria (CBN) on Sunday, elucidated that for now, banks are only authorised to dispense the new ...
Naira redesign: CBN directs banks to open Saturdays
The Central Bank of Nigeria has instructed commercial banks in the country to work on Saturdays till January 31, 2023, ...
Despite increased Liquidity, Banks borrow N124.6bn from CBN
The Apex bank, Central Bank of Nigeria, CBN, says despite a 26.6 per cent increase in the banking system liquidity, ...
MTN Drags 18 Banks To Court Over Alleged N22.3 Billion ‘Transfer’
The MTN fintech subsidiary MoMo payment Service Bank Limited (Momo PSB) has filed a lawsuit against 18 commercial banks to ...
