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banking industry

How Ibrahim Osinowo’s innovation reduced fraud rates from 60% to 5% in Nigeria’s banking industry

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Nigeria’s banking industry has long been grappling with persistent challenges such as high non-performing loans, systemic risks, and financial instability. For decades, these issues have impacted the nation’s institutions, making risk management more crucial than ever. In this complex environment, innovative solutions have become essential to safeguard investments and ensure stability. Ibrahim Osinowo, a prominent […]

Global standing instructions cause stir in banking sector

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Emefiele, court

From August 1, 2020, a loan defaulter who has funds in other bank will have those funds withdrawn to offset his debts owed to any financial institution, the Central Bank of Nigeria has declared. However, this declaration has caused a stir in the nation’s banking sector. This declaration is in line with the Global Standing […]

Sekibo emphasises need for human capacity in Nigeria’s banking industry

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The Managing Director/CEO of Heritage Bank Plc, Ifie Sekibo has emphasized the importance for human capacity development amongst staff of financial institutions for improved operations. The MD who stated this at a 3-day yearly Internal Control and Audit Conference organised by Heritage Bank in Lagos, said training acquired personally and arranged by corporate organisations to […]

The who’s who of Nigeria’s banking industry

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With the amount of mergers taking place in the Nigerian banking industry it can be difficult to keep up with who owns what. Nigerian banks don’t always have the best reputation when it comes to keeping your money safe so it’s always good to know who is behind safeguarding your money. Here is the latest […]

How Ibrahim Osinowo’s innovation reduced fraud rates from 60% to 5% in Nigeria’s banking industry

|

Nigeria’s banking industry has long been grappling with persistent challenges such as high non-performing loans, systemic risks, and financial instability. For decades, these issues have impacted the nation’s institutions, making risk management more crucial than ever. In this complex environment, innovative solutions have become essential to safeguard investments and ensure stability. Ibrahim Osinowo, a prominent […]