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CBN directs banks to stop workers’ sack

The Central Bank of Nigeria (CBN) and its Bankers’ Committee have urged banks nationwide to suspend its plans to retrench some of their employees. News making the...

Banks’ incomes from e-payment riseby 64% to N212.66bn

The earnings of Nigeria’s Deposit Money Banks from electronic payment platforms grew by 64 per cent to reach N212.66bn in 2019. Earnings of the financial institutions...

3,891 debtors owe banks above N1bn each

The National Bureau of Statistics says about 3,891 firms and other debtors have taken individual loans above N1bn, totalling N13.19tn of loans in the banking sector....

38.5 million accounts now have BVN identity — NISS

The Nigerian Interbank Settlement Scheme says about 38.5 million bank accounts have been linked to the Bank Verification Number. Latest figure obtained from the NISS,...