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Business

Nigerian banks’ losses to fraud dropped to N468m in Q1 2024 – Report

Nigerian banks lost N468 billion to frauds in the first quarter of 2024.This represents a decline of N1. 62 billion when compared to the...

Business

Amid liquidation fears, CIBN assures of Nigerian banks safety, resilience

Following the revocation of the operating license of Heritage Bank Plc and the lingering worries on the health of other four banks in the...

Business

INDUSTRY REVIEW: Five best performing Nigerian banks in Q3 2023

The Nigerian banking industry recorded N367.28 billion increase in profit before tax (PBT) in the third quarter of 2023 — which falls between July...

Business

Mergers, acquisitions loom as CBN hints at recapitalisation of Nigerian banks

There are indications that mergers and acquisitions may happen soon in the financial sector in Nigeria after the Central Bank of Nigeria (CBN) hinted...

Business

Naira redesign policy pushes banks’ earnings from cashless transactions to N279bn in 9 months

The naira redesign policy of the Central Bank of Nigeria (CBN) has led to an increase in banks’ profits from cashless transactions to N279.85bn...

Business

Banks’ loans to economy hit N8.03 tr in H1’23 as oil & gas, manufacturing sectors grab 55.5% share

Loans from the banking sector to the various sectors of the Nigerian economy rose to N8.03 trillion in H1’23 with the Oil and Gas,...

Business

Parallex Bank MD Assures Customers of Technology-Driven, Premium Services

The Managing Director of Nigeria’s foremost customer-centric financial institution, Parallex Bank, Mr. Femi Bakre, has assured customers of continued technology-driven, premium value-adding services that...

Politics

FRC to hold stakeholders dialogue with Nigerian banks, others

The Fiscal Responsibility Commission (FRC) has concluded preparations to hold a Stakeholder Dialogue on implementing sections of the Fiscal Responsibility Act that relate to...

Business

H1 2023: Zenith Bank delivers phenomenal triple-digit growth

According to the bank’s audited half-year financial results presented to the Nigerian Exchange (NGX) on Monday, 11th September 2023, the triple-digit growth in the...

Business

Fidelity Bank records highest earnings per share on the NGX for H1 2023

According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument...

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