In 2025, Nigerian banks and financial institutions recorded losses of ₦25.85 billion to electronic payment fraud, representing a significant 51% reduction from the ₦52.26 billion lost in 2024, according to data presented ...

Nigeria’s banking sector has recently concluded a major recapitalisation exercise led by the Central Bank of Nigeria (CBN), with 33 banks collectively raising approximately ₦4.6 trillion to meet higher minimum capital ...