Bank Deposits Rise to N43tn in 2022 The Central Bank of Nigeria Monetary Policy Committee report has shown that deposits by Nigerian banks rose by N6.92tn from N36.13tn as of the end of October 2021 to N43.05tn in the corresponding period of 2022. The Deputy Governor,...

Telcos Seek NCC Approval to Disconnect Banks Telecommunication operators have reached out to the Nigerian Communications Commission for approval to phase out the Unstructured Supplementary Service Data offered to banks due to over N80bn. On Thursday, the Chairman, Association of Licensed Telecoms Operators of Nigeria,...

MONUMENTAL SCANDAL: How Govt Officials Hide N70 Trillion in Banks... CBN, Justice Ministry Refuse to Act on Recovery   .... Report fingers top CBN and First Bank officials ....Court adjourns case till 6th of March 2023 ....Attorney-General of the Federation and Minister for Justice grows cold feet The suit seeking...

Denmark Largest Bank Danske Defrauds US Banks, Forfeits $2bn   According to court documents, Danske Bank defrauded U.S. banks regarding Danske Bank Estonia’s customers and anti-money laundering controls to facilitate access to the U.S. financial system for Danske Bank Estonia’s high-risk customers, who resided outside of...

Banks’ Consumer Loans Increases By 31% To N2.55trn On Rising Inflation     On the back of rising inflation rate in Nigeria, banks’ consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from N1.93trillion in June 2022, the...

Currency Outside Banks Increased By N108.67bn To N2.84trn In October   As the Central Bank of Nigeria (CBN) steps up effort to redesign N200, N500, and N1,000 notes currently in circulation, currency outside the banks added N108.67billion to N2.84 trillion in October 2022 from N2.73 trillion...