Revealed: Nigerian Banks Face Thousands of Lawsuits Amounting to Billions in Potential Claims

Revealed: Nigerian Banks Face Thousands of Lawsuits Amounting to Billions in Potential Claims

Nigerian Banks face hundreds of lawsuits every year that could potentially cost billions of Naira in claims, according to excerpts from the disclosures in annual reports of the banks. The banks are sued in excess of billions of Naira by their customers, suppliers  etc for various reasons. Some get sued for excess bank charges, wrongful […]

Read More

Bank Charges, Fees & Interest Rates approved by the Central Bank of Nigeria

Bank Charges, Fees & Interest Rates approved by the Central Bank of Nigeria

The Central Bank of Nigeria released a new set of guidelines to charges by banks and other financial institutions last April 2017. The new charges became effective on May 1 2017. Here are the key things you need to know about these charges. (You can download the guidelines by following the link above, and then read through […]

Read More