Tag: banks
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Nigerian banks pay the NDIC N166.4 billion as a premium for deposit insurance in 2023
The Nigerian Deposit Insurance Corporation (NDIC) received a payment of N166.4 billion from nine publicly traded commercial banks in 2023 as deposit insurance premiums,...
Nigeria’s tech development fund receives N33.7 billion in contributions from ten banks in 2023
In 2023, ten Nigerian commercial banks made contributions to the Nigeria Information Technology Development Fund (NITDEF) totaling N33.7 billion.
The contribution, which is a component...
CBN orders banks to cease charging 0.5% for cybersecurity
Banks and other financial institutions have been instructed by the Central Bank of Nigeria (CBN) to cease imposing a 0.5 percent cybersecurity fee on...
Nigeria had 219.6 million active bank accounts as of March 2024 – NIBSS
Nigeria's active bank accounts increased to 219.6 million in March 2024, a considerable increase above prior numbers reported by the Nigeria Inter-Bank Settlement System...
Index Falls N191Bn Due To Losses In Bank Stocks And Other Investments
Nigerian Exchange Group (NGX): Following losses in several blue-chip companies, particularly FBN Holdings (FBNH) and Access Bank, the Nigerian Exchange Limited (NGX) maintained a...
