The Nigerian banking sector is experiencing a notable surge in profits despite the broader economic challenges facing the country. Key findings from Financial Vanguard’s report […]
Tag: Banks
Major Global IT Outage Disrupts Airlines and Services
A massive global IT outage has disrupted airline operations in Singapore, the United States, and Australia, affecting banks and media outlets. The outage, which began […]
National Assembly Approves Forex Windfall Tax on Banks
The National Assembly has approved an Executive Bill seeking to tax banks’ windfall from foreign exchange business, passing it for a second reading. This bill, […]
Nigeria Data Protection Commission Fines Banks and Institutions N400 Million for Data Breaches
Vincent Olatunji, the National Commissioner for the Nigeria Data Protection Commission (NDPC), announced on Tuesday, June 11, that four major banks and three other institutions […]
House of Representatives Orders Banks to Swiftly Reverse Customers’ Funds
The House of Representatives has mandated banks in Nigeria to promptly reverse customers’ funds, regardless of whether complaints are lodged. They emphasized the need for […]