Commercial Banks in Nigeria Experience Surge in Employee Fraud, Sack 35 in Q1 2024
Commercial banks in Nigeria sacked 35 of their employees between January and March this year over their involvement in fraud. ...
Tag: Commercial banks
CBN Cautions Banks, PoS Operators Over Lingering Naira Scarcity
The Central Bank of Nigeria says it is investigating collusion between the banks and Point-of-Sale operators over the lingering cash ...
Cash Shortage hits Commercial Banks in Nigeria
…Lagos banks ration Naira …CBN warns against panic withdrawals Nigerian banks are struggling to pay customers who want to withdraw ...
Economic Challenges: Nigerians borrow N290bn from Banks within 3 Months
The challenging economic situation of the country has pushed more Nigerians into debt as about N290bn was borrowed from banks ...
Banks record N478bn Bad Loans in Six Months
During the first half of 2023, at least four banks recorded N478bn non-performing loans, their financial results have revealed. Specifically, ...
CBN partners with Banks to clear $10b FX Backlog in Two Weeks
The Central Bank of Nigeria has announced that it is now working with Commercial banks in the country to clear ...
NLC Strike: Banks in Lagos attend to Customers, defy Strike Orders
A few commercial banks in Lagos, on Tuesday, defied the call for withdrawal of service by the Nigeria Labour Congress. ...
Banks Shut Branches Over Customer Attacks
As the naira scarcity persists, some banks are shutting their branches over rising customer attacks. This came a day after ...
Naira Redesign: Buhari Accuses Banks Of ‘Greed’
President Muhammadu Buhari says the Central Bank of Nigeria (CBN) assured him that there was “capacity, manpower and equipment” to ...
Bank lending rate hits 29.13% in December 2022
The lending rate for Nigerian banks rose maximally to 29.13% in December 2022 from 28.14% recorded in the previous month ...
