Tag: Banks
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How Nigerian banks, African peers compare on six key indicators
The European Investment Bank published its assessment of African banks last week, using its "Financing in Africa Survey 2023," to provide insights into the...
African banks resilient despite challenges, EIB says
African banks face climate risks due to lending to governments and the private sector but have overall shown resilience in the face of challenges,...
Customers rush as banks buy dollars online at rates better than black market
Bank customers went into a frenzy on Tuesday after learning some banks had set up platforms to allow depositors electronically convert their dollars to...
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...
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...