Fraudsters rake in N134bn from banks, customers – CBN
Photo caption: CBN Governor, Olayemi Cardoso Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion
Category : Banking
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About Banking News Today
The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
This is the major reason why we keep everyone updated on the recent happenings in the financial industry.
African Energy Chamber urges boycott of London Energy Summit
African Energy Chamber urges boycott of London Energy Summit The African Energy Chamber (AEC) has called on African governments, companies and industry leaders to
AltBank pioneers scalable AI-Hydroponic Model to drive food import substitution in Nigeria
Photo caption: AltBank logo Continuing its drive towards impacting Nigeria’s real economy, The Alternative Bank (AltBank), has advanced discussions with Federal University of Agriculture,
Sterling HoldCo confirms full recapitalisation of The Alternative Bank, Sterling Bank
Photo caption: Sterling HoldCo headquarters Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank,
PETAN at the Vanguard: Powering Local Content, Shaping Africa’s Energy Renaissance
PETAN at the Vanguard: Powering Local Content, Shaping Africa’s Energy Renaissance By Yunus Yusuf In a defining moment for Africa’s energy evolution, the Petroleum
