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The Central Bank of Nigeria has asked commercial banks and other financial institutions to begin new debits on customers' bank accounts for cybersecurity.

The Nigerian government has directed commercial banks to begin charging stamp duty on mortgage-backed loans on all accounts effective January 2024.

Commercial banks and other financial institutions have reintroduced charges on cash deposits for individuals and corporate accounts nationwide after deadline ended,

The NIBSS has revealed that Nigerian banks lost close to N18 billion to fraud in 2023, with customers in Lagos, Abuja and Rivers recording the largest losses.

Nigerian banks have begun implementing the Central Bank of Nigeria (CBN) order to close customers' bank accounts if they lack the necessary identification.

The Nigerian currency, the naira recorded a strong performance against the US dollar in the official foreign exchange market giving hope of a better month ahead.

In the 2023 financial year, five tier-1 banks, including Access, Zenith, UBA, GTB and First Bank, collectively amassed revenues amounting to N9.51 trillion.

In the 2023 financial year, five tier-1 banks, including Access, Zenith, UBA, GTB and First Bank, collectively amassed revenues amounting to N9.51 trillion.

The Central Bank of Nigeria (CBN) has continued its policy changes as it seeks to find solutions to Nigeria's economy. This time, it is directed towards banks.
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