Tag: banking sector Nigeria

NDIC Starts Compensation for Customers of 46 Closed Microfinance Banks

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the payment of insured…

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Polaris Bank Empowers 6,200 Journalists Through Capacity Development Initiative

Polaris Bank has empowered more than 6,200 journalists across Nigeria through a…

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Fraudsters Rake in ₦134bn From Banks, Customers – CBN

Fraudsters rake in ₦134bn from banks customers CBN data has revealed, exposing…

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Polaris Bank Debunks Reports of 34 Deaths in Lagos Branch Fire

Polaris Bank debunks reports of 34 deaths in Lagos branch fire, describing…

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CBN Rate Pause Tightens Credit Conditions as High Interest Rates Slow Growth

The Central Bank of Nigeria’s (CBN) monetary policy decisions continue to shape…

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NDIC, Wema Bank Face Off Over Banana Island Properties Worth N63bn

The Nigerian Deposit Insurance Corporation (NDIC) and Wema Bank have become embroiled…

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Abbey Mortgage Bank Seeks Approval To Raise N164.5bn

Abbey Mortgage Bank Plc is seeking shareholders’ approval to raise up to…

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CBN Dismisses Polaris Bank Liquidation Rumours, Assures Banking Sector Stability

The Central Bank of Nigeria (CBN) has dismissed widespread rumours suggesting that…

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Abbey Mortgage Bank Posts N3.1bn Profit in 2025, EPS Rises to 21 Kobo

Abbey Mortgage Bank has reported a strong financial performance for the 2025…

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