“Banks terminate employment of 110 senior executives and additional staff due to involvement in a fraudulent activity amounting to N82 billion.”
In the last two years, a significant number of bank executives and junior staff, totaling 110, have been dismissed due to fraud-related incidents.
The data...
Stanbic’s after-tax profit for the first half of 2023 has surged by an impressive 121%.
Stanbic IBTC Holdings Plc, a financial institution, has issued its financial report for the first half of 2023.
The report highlights an impressive 121.46% increase...
Banks and 18 additional entities penalized with a fine of N125 million due to delayed submissions.
A total of eight banks and 18 other publicly listed companies have been penalized with fines amounting to N125 million for their failure to...
Insufficient funds: Banks’ reliance on CBN borrowing reaches a staggering N12 trillion.
There is evidence that both commercial banks and merchant banks are increasingly relying on the Central Bank of Nigeria for liquidity, with their borrowing...
