Fraud soars in Nigerian banks to highest level in five years
The number of fraud cases in Nigerian commercial banks rose in 2021 by nearly half to the highest level in five years.
By December that...
Naira scarcity: No big relief for Nigerians after CBN meeting
The Central Bank of Nigeria signalled Tuesday its decision to take cash out of the economy will not change much just yet, insisting its...
Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance payments to people travelling outside the country.
First Bank, Access Bank...
Another U.S. bank fails, govt moves to protect customers
United States regulators have shut down a second bank after the collapse of the start-up lender, Silicon Valley Bank, on Friday spread fear about...
Silicon Valley Bank, lender to world’s biggest startups, collapses
U.S. regulators have shut down Silicon Valley Bank, the California-based lender to some of the biggest names in the tech world, making it the...