Tag Archives: NIBSS

MONEY lost to fraud in Nigeria’s banking system has nearly tripled over the past five years, an industry regulator said Wednesday. An analysis published by the Nigeria Inter-Bank Settlement System estimated that N52.3 billion ($34.8 million) was lost to fraud in 2024, compared to N11.6 billion in 2020. The West …

Tensions are escalating faster than the public can guess in the financial circle as the determination of the current administration to bring to book, those found wanting in the past nine years under the leadership of Godwin Emefiele at the Central Bank of Nigeria (CBN), is sending shockwaves through the …