Tag Archives: Nigerian Banks

The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria.

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***Rating Agency Changes 2020 Outlook For African Banks to Negative  Bayo Akinloye The 2020 outlook for African banks has changed to negative from stable, reflecting their weakening operating environment, Moody’s Investors Service said in a report published today. According to the topmost rating agency, the outlook for African banks in 2020 is negative due to weakening operating conditions and rising …

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Despite the surge in activities of financial technology (fintech) companies that have continued to encroach on commercial banks’ businesses, 11 banks in the country raked in a total of N24.957 trillion as customer deposits as at the end of 2018.

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Edo State Deputy Governor, Honourable Philip Shuaibu, has called for systematic overhaul of the banking sector in Nigeria that will redirect their focus on the development of small businesses (SMEs) in the country, inline with present economic realities. Shuaibu made the call in Lagos recently while receiving an outstanding Humanitarian Service Award presented to him by the Rotary Club of …

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In line with the Central Bank of Nigeria (CBN) policy towards making sure that all Nigerian have access to financial services across the country, Nigerian banks, licensed Mobile Money Operators and Super Agents on Tuesday March 27, 2018 has agreed to roll out a 500,000 shared Agent Network, which will accelerate financial inclusion in the country. Addressing the financial press …

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