Commercial Banks
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Business
Invest heavily in cybersecurity, CBN urges banks
The Central Bank of Nigeria (CBN) has urged banks in the country to make significant investments in cybersecurity to safeguard…
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Business
Oct. 1: We apologise for service disruption – Zenith Bank
Nigeria’s tier one bank, Zenith Bank, has apologised to its customers over service disruption on Tuesday, October 1, 2024.
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Economy
How Guaranty Trust Holding Plc made N1 trillion in profit
Investors should monitor these risks closely as they could impact the bank’s future financial stability and returns.
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Business
Nigerian banks lost N42.6bn to fraud in three months – FITC
The implementation of multi-factor authentication and role-based access controls can aid in reducing the risk of unauthorized changes to settlement…
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Business
Five banks budget $1.20bn for cybersecurity
Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in…
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Economy
Non-Performing Loans in Nigeria’s banks drop to 3.9% in June – CBN
The Nigerian banks’ Non-Performing Loans NPLs (Bad Loans) fell to 3.9 percent in June 2024 compared with 4.8 percent in…
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