Two new generation banks are technically bankrupt, Ripples has learnt. Investigations showed that the Capital Adequacy Ratios (CARs) of these two commercial banks fell below regulatory...
Banks are diverting dollar sales previously allocated to licensed Bureaux De Change (BDC) operators to unlicensed BDCs or currency hawkers, investigation by Ripples Nigeria has revealed....
Diamond Bank Plc and Standard Chartered Bank Limited topped forex utilisation list for last week with combined $38.34 million disbursement to their customers. The two lenders, which respectively...
The Federal Government has ordered the Economic and Financial Crimes Commission, EFCC to go after banks and others alleged to have engaged in forex round tripping....
By Ali Smart The probe panel investigating alleged salary scam within the federal civil service has uncovered a total of 23, 306 civil servants and some...
In from Ahmed Boulor . . . Daredevil robbers on Thursday raided a number of commercial banks located in Agbara, Ogun State leaving many dead after...