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The Nigeria Inter-Bank Settlement System has revealed that more Nigerians now have Bank Verification Numbers, which is a mandatory requirement for banking service.

The Nigerian Communications Commission (NCC) has released the list of Nigerian banks whose USSD access will continue to function as nine others are deactivated.

The Nigerian Communications Commission (NCC) has directed telecommunication companies to disconnect 18 banks due to their inability to pay N250 billion in debt.

Technology and telecommunications companies reportedly owe banks about N1.69 trillion in the past year due mainly to rising interest rates by CBN.

Ten Nigerian banks have emerged as the most valuable on the Nigerian Exchange Limited (NGX) amid CBN's recapitalisation requirement demands last year.

The Central Bank of Nigeria (CBN) has disclosed that it forced commercial banks to refund N7.05 billion and over $714 billion illegally deducted by banks.

The Central Bank of Nigeria (CBN) has revealed that commercial and merchant banks' borrowing rose by 636.6% in 2024 to N131/42 trillion in the past year.

About nine banks in Nigeria recorded a whopping N4.85 trillion in interest in income in the outgone year, representing a 114.95% increase compared to 2023.

Nigerian banks and have notified their customers of early closures as the Nigerian government declared Wednesday, January 1, 2025 as a public holiday
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