As the year winds down, Nigerian banks are facing renewed pressure from a familÂiar but increasingly sophisticated threat: a sharp rise in fraud activities tied to the surge in digital transactions during the festive season. From online shopping and instant transfers to USSD payments and mobile banking, the final quarter of the year — especial...
Nigerian Deposit Money Banks (DMBs) made a record single-day withdrawal of ₦1.2 trillion from the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) to cover a severe liquidity shortfall, according to TrustBanc Financial Group Limited. The banking system is grappling with a significant liquidity deficit, which stood at ₦266.55 bil...
Commercial bank customers in the Federal Capital Territory have urged banks to pay more attention to customer satisfaction than declaring massive profits. They spoke against the backdrop of some commercial banks making an estimated profit before Tax of N3.8 trillion in the first half of 2014, reports NAN. According to reports, the banks, which...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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