‘Nigerian banks, others not successful in offshore operations’
Majority of Nigerian banks and those of the other countries in the Sub-Saharan Africa have not had a “smooth ride” in their banking operations outside their home market. This was the outcome of the research by a team of experts at Renaissance Africa- Olamipo Ogunsanya; Yvonne Mhango; Phago Rakale; and Ilan Stermer, which described such…
Rush for bonds may threaten banks, stock market
The savings bond has a minimum subscription of N5,000 and a maximum of N50million at 13 per cent coupon rate. The benefit of this bond is that the interest income from the Savings Bond is tax-free.
How North Korea’s cyber criminals attack Nigerian financial system
But the Director of Banking and Payments System, CBN, as well as the Chairman, Nigeria Electronic Fraud Forum, ‘Dipo Fatokun, told The Guardian yesterday that hacking and cyber attack are ongoing challenges across the world against banks.
Faltering sovereign credit rating hits Nigerian banks
Specifically, while Fitch downgraded major banks from various credit rating levels in its latest rankings of financial institutions’ ability to attract and repay debts, eight got positive affirmation and upward reviews.