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: Nigerian Banks
Bank Customers’ complaints increase by 117%
The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from ...
Banks borrow N12trn from CBN in 8 Months
Commercial banks and merchant banks are increasingly depending on the Central Bank of Nigeria for liquidity as they have borrowed ...
Fintech: Nigerian banks generate N96.4b from e-business
....UBA, Access tops list Nigerian banks have generated a total revenue of N96.483 billion from their leverage on fintech in ...
Eleven banks earn N307.472b from e-business in 2022
...UBA, Access Holdings earn the most Eleven Nigerian banks listed on the Nigerian Exchange collectively earned N307.472 billion from electronic-business ...
Banks Lending Rate To Customers Hits 29.13%
The maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent ...
Nigerian Banks, FinTechs compete for N400 trillion instant payment market
Nigerian commercial banks are vying for up to N2.7 trillion in unofficial deposits by taking advantage of the six-week window ...
Banks reduce forex sales as scarcity bites
Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. The legitimate ...
Top 10 banks in Nigeria with highest foreign inflows in H1 2022
Citibank, Standard Chartered, and Stanbic IBTC led the list of banks with the highest dollar inflows into the Nigerian economy ...
Banks’ assets rise by 22% to N65tn
Total assets in the Nigerian banking sector rose by N11.8bn in one year to N65.48tn as of the end of ...
