CBN Issues Warning To Commercial Banks …C0NTINUE READING HERE >>> The Central Bank of Nigeria (CBN) has warned financial institutions of severe penalties if they fail to address the ongoing cash scarcity at Automated Teller Machines (ATMs). Henzodaily reports that the CBN Governor, Olayemi Cardoso, issued this warning on Friday during the annual Bankers’ Dinner … Read more
CBN, banks sell $9.9bn as naira tumbles to N1,670/$ …C0NTINUE READING HERE >>> The Nigerian Autonomous Foreign Exchange Market increased to N15.74tn ($9.90bn) in August 2024, an FMDQ report has stated. This came as the Central Bank of Nigeria revealed that foreign inflow into the country increased to $585m in the same month. Also, at … Read more
See how fraudsters swept N43bn from Nigerian Banks in 91 days …C0NTINUE READING HERE >>> The Financial Institutions Training Centre (FITC) has revealed that a whopping N42.6 billion was lost to frauds within the second quarter, (April -June) of 2024. The FITC, in its Q2 2024 Fraud and Forgeries report just released, noted that the … Read more
How Nigerian Banks lose N43bn to fraud in 91 days …C0NTINUE READING HERE >>> The Financial Institutions Training Centre (FITC) has revealed that a whopping N42.6 billion was lost to frauds within the second quarter, (April -June) of 2024. The FITC, in its Q2 2024 Fraud and Forgeries report just released, noted that the development … Read more
Banks in trouble as EFCC beams …C0NTINUE READING HERE >>> Due to financial infractions in the banking sector, the Economic and Financial Crimes Commission (EFCC) has said bank executives are complicit in aiding money laundering in the country, adding that it would commence prosecution soon. Speaking at the 17th annual conference of the Chartered Institute … Read more