OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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CBN RELEASES LICENSED DEPOSIT MONEY BANKS. (PHOTO).

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 CBN releases licensed Deposit Money Banks

By Samuel Oamen


The Central Bank of Nigeria (CBN) has released a comprehensive list of 44 licensed Deposit Money Banks operating within the country.

The apex bank made this public in a post on its official website on Tuesday.

According to CBN, seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have Commercial Banking licenses with international authorisation as of April 26, 2024.

Also, fifteen banks have commercial banking licenses with National Authorisation.

Four banks have commercial banking licenses with regional authorisation and four non-interest banks have national authorisation.

The bank said the country has six merchant banks licensed with national authorization.

It stated that financial holding companies increased to seven.

CBN added that the country has a Mauritius commercial bank representative office.

The list comes months after the CBN raised the minimum capital requirement for all banks in Nigeria to strengthen the country’s financial sector.

Here are Banks with international authorisation:

1. Access Bank Limited,

2. Fidelity Bank Plc,

3. First City Monument Bank Limited,

4. First Bank Nigeria Limited,

5. Guaranty Trust Bank Limited,

6. United Bank of Africa Plc, and

7. Zenith Bank Plc.

Here are Commercial banks with national authorisation:

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1. Citibank Nigeria Limited,

2. Ecobank Nigeria Limited,

3. Heritage Bank Plc,

4. Globus Bank Limited,

5. Keystone Bank Limited,

6. Polaris Bank Limited,

7. Stanbic IBTC Bank Limited,

8. Standard Chartered Bank Limited,

9. Sterling Bank Limited,

10. Titan Trust Bank Limited,

11. Union Bank of Nigeria Plc,

12. Unity Bank Plc,

13. Wema Bank Plc,

14. Premium Trust Bank Limited and

15. Optimus Bank Limited.

Here are Commercial banks with regional licenses:

1. Providus Bank Limited,

2. Parallex Bank Limited,

3. Suntrust Bank Nigeria Limited, and

4. Signature Bank Limited.

Here are players in the non-interest banking sector with national authorisation:

1. Jaiz Bank Plc,

2. Taj Bank Limited,

3. Lotus Bank Limited, and

4. Alternative Bank Limited.

Here is a list of Marchant Banking Licence with National Authorization

1. Coronation Merchant Bank Limited,

2. FBN Merchant Bank Limited,

3. FSDH Merchant Bank Limited,

4. Greenwich Merchant Bank Limited,

5. Nova Merchant Bank Limited, and

6. Rand Merchant Bank Limited.

Here are the financial holding companies listed

1. Access Holdings Plc,

2. FBN Holdings Plc,

3. FCMB Group Plc,

4. FSDH Holding Company Limited,

5. Guaranty Trust Holding Company Plc,

6. Stanbic IBTC Holdings Plc, and

7. Sterling Financial Holdings Limited.

Here is a Bank Representative Office

1. The Mauritius Commercial Bank Representative Office (Nigeria) Limited was listed as the sole representative office.

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