With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks. This...
A team of hackers known as OPERA1ER has stolen at least $11 million from companies in Nigeria, Benin Republic, Cameroon and 11 other countries and Argentina. A new report from Group-IB, a cybersecurity company,...
Nigerian banks are charging an average interest rate of between 4 percent and 36 percent on loans given to customers in various sectors of the economy, especially agriculture and forestry, manufacturing and education. This...
The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has warned banks to stop...
The Economic and Financial Crimes Commission (EFCC) has advised bankers to ask their customers how they got money in their accounts. The Chairman, Abdulrasheed Bawa, spoke at a meeting with the Association of Chief...