Browsing Tag
Banking
48 posts
Legislators and NDIC Collaborate to Enhance Bank Depositor Protections
The NDIC and the House of Representatives are enhancing Nigeria’s financial safety net to protect depositors following the recent banking sector recapitalization exercise.
Zenith Bank Clients Advised to Verify Account Balances Following Cyber Attack
Dr. Uju Ogunbunka of the Bank Consumers Association of Nigeria is urging Zenith Bank customers to verify their account balances after a confirmed data breach.
Bank bad loan ratios exceed CBN threshold following end of pandemic relief
Non-performing loans in Nigeria's banking sector surged to 9.94 percent in Q1 2026 after the Central Bank of Nigeria ended COVID-19 era regulatory relief measures.
Zenith Bank acknowledges security breach exposing customer data
Zenith Bank has confirmed a data breach involving limited customer information, attributing the event to a global cyber-attack affecting numerous firms.
Sterling Financial Reports 31% Revenue Increase for First Half of 2026
Sterling Financial Holding Company Limited posted a 31.5 percent revenue growth to N279.6 billion for H1 2026, driven by higher interest income and expanded assets.
CPPE Urges Structural Reform in Development Finance to Tackle N50 Trillion Funding Deficit
Dr. Muda Yusuf of the CPPE identifies a N50 trillion financing gap and suggests systemic reforms to support Nigeria’s productive sectors through better access to long-term capital.
ATM Transaction Values Surge by 208% to Reach N89 Trillion
Data from the Central Bank of Nigeria shows that ATM transaction values reached N89.12 trillion in 2025, a 208 percent increase driven by infrastructure growth and changing consumer preferences.
Globus Bank Secures First Credit Ratings from Fitch
Globus Bank has achieved its inaugural credit ratings from Fitch Ratings, earning a 'B-' Long-Term IDR with a stable outlook, reflecting its strong financial performance and successful recapitalization efforts.
CBN Mandates N19 Billion in Customer Refunds as Banking Complaints Grow by 11 Percent
Bank customer complaints rose by 11 percent in 2025, leading the Central Bank of Nigeria to order N19.12 billion in refunds and issue N1.69 billion in penalties to financial institutions.
UK Home Loan Interest Rates Climb to Monthly Peak
Average UK mortgage rates have returned to their highest point in a month due to Middle East instability and rising oil prices, prompting lenders to increase costs on new fixed-rate deals.