Recent core banking upgrades across Nigerian Deposit Money Banks (DMBs) have sparked operational disruptions, leaving customers frustrated and unable to complete basic transactions. Despite reassurances, prolonged IT glitches have hindered account access, disrupted transfers, and eroded customer trust.

The Nigerian banking sector is facing against fraudulent activities despite the rising economic challenges, according to findings by The PUNCH. 

Ola Olukoyede, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has proclaimed the Commission's unwavering determination to enact comprehensive and robust financial laws and regulations for the nation, with the ultimate goal of thoroughly sanitizing the banking sector and shielding it from the harmful effects of nefarious activities perpetrated by rogue elements.

BDAN Director Seeks Policy Implementation To Improve Sector Growth In order to support the growth of the banking industry, the Bank Directors Association of Nigeria (BDAN), headed by Mustafa Chike-Obi, the Chairman of the Board of Directors, has called for collaborative policies. The association made the...

BDAN Director Seeks Policy Implementation To Improve Sector Growth In order to support the growth of the banking industry, the Bank Directors Association of Nigeria (BDAN), headed by Mustafa Chike-Obi, the Chairman of the Board of Directors, has called for collaborative policies. The association made the...

In Five Years, Banks Attracted $15.8bn Foreign Capital Flow   From 2017 till the end of last year, Nigeria’s banking sector received a total of $15.83 billion in foreign capital, a telling reflection of the sector’s attraction to the international market. The figure represents 23 per cent...