Nigerian banks risk failing after increase in social-economic challenges across the world, the Minister of Finance, Budget, and National Planning, Zainab Ahmed, has disclosed. Ahmed, during the 2022 International Association of Deposit Insurers
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Customers of Nigerian banks risk losing access to the Unstructured Supplementary Service Data (USSD) of the firms, as MTN Nigeria, Airtel and other telecommunications company threaten to shut it down. Nigerian banks
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The Minister of state for industry, trade and investment, Maryam Katagum, has requested that Nigerian banks should prioritise women in their credit facility. Katagum urged the creditors to create gender desk that
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Managing Director of Nova Merchant Bank, Nath Ude, said technology and the pandemic-induced lockdowns have changed the work models of auditors in the financial sectors, and created a new normal that they
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Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at
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Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from
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Households and corporates are increasingly becoming risk-averse as Nigeria gets closer to election year 2023, justifiably reflecting concerns around political uncertainties and attendant macro risks. This account for the astronomical rise in
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With their varied charges and interesting games that Nigerian banks play, there is no gainsaying the fact that regulation remains central to the general economic well-being. But when weighed in a balance,
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