Two nabbed for allegedly spending fake naira in Kwara
Men of the Nigeria Security and Civil Defence Corps have arrested two suspects for allegedly spending fake naira in a rural market in the Patigi
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.
Banks consume more energy than Bitcoin – Report
A report by Galaxy ‘On Bitcoin’s energy consumption’ has revealed that traditional banks use more energy than Bitcoin. Last week, the crypto market tanked after
Banks place limits on domiciliary accounts transfers
Banks have begun to place new limits on transfers domiciliary accounts holders can make from cash their cash lodgements. The limits range from $5,000 to
Bank deposits rose by N6.95tn in one year – CBN
Bank deposits rose by N6.95tn between February 2019 and February 2020, the Central Bank of Nigeria said. The CBN disclosed this in its report on
12 banks earned N461.51bn interest in three months – Reports
Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn
NDIC calls for collaboration to improve professionalism in banking
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has stressed the need for collaboration between regulators and operators in the banking
Five major banks post N680bn bad loans
Five of the major banks in the country, also known as Tier-1 banks have posted whopping N683bn non-performing loans in the 2020 financial year, findings
10 Nigerian banks lose N187.81bn in share value
Ten of Nigeria’s commercial banks posted stock losses in the first three months of this year as N187.81bn was wiped off their combined market capitalisation,
FirstBank appoints Gbenga Shobo as new MD
First Bank of Nigeria Ltd., has announced the appointment of Mr Gbenga Shobo, currently the deputy Managing Director (DMD), as the Managing Director/Chief Executive Officer
