Banking

Fraudsters target N3trn in non-BVN linked accounts

Fraudsters are targeting over three N3 trillion in accounts yet to be linked to the central bank of Nigeria introduced…

Former HSBC banker faces extradition fight over currency rigging claims

A former HSBC executive accused of foreign exchange market manipulation has been arrested and bailed in the UK ahead of…

CBN targets foreign exchange from exports, directs exporters to register Form NXP

In a move to shore up foreign exchange earnings for the government, the Central Bank of Nigeria (CBN) has set…

European bank bailout soothes anxious markets

The smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday in financial markets dominated…

RBS investors to settle 2008 legal claim against state-backed lender

The group representing thousands of RBS investors in a long-running legal claim over its 2008 rights issue indicated on Tuesday…

Cash rules as Nigerian ATMs account for 58.9% transactions on e-payment channels

According to the research arm of First Bank of Nigeria, data gleaned from a new report series from the National…