In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...

12 Banks Earned N461.51bn Interest In Three Months       Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn in the same period of 2020. An analysis of data from their unaudited...

How Taraba Governor Used Younger Sister, Hoax Contracts to Launder N39bn     Within five years, the Governor Darius Ishaku-led administration has allegedly looted the treasury of Taraba state to the tune of 39 billion naira, PRNigeria has learnt. The Taraba Integrity and Accountability Group Jalingo (TIAGJ) said...

‘Nigeria Lost N5.5trn To Cybercrimes In Ten Years’       The Chief Strategy Officer, Deloitte West Africa, Mr. Tope Aladenusi, has stated that Nigeria lost N5.5 trillion to fraud and cybercrimes in 10 years. Aladenusi, who disclosed this at a recent webinar hosted by First Bank of Nigeria...

Cheque Books To Get New Digit, Expiry Dates       With effect from January 1, 2021, banks will introduce a new digit on the Magnetic Ink Character Recognition code line and expiry dates to new cheque books. First Bank of Nigeria Limited disclosed this in a mail to...