Tag: banks
FG approves banks to issue NIN Card to Nigerians
ABUJA- The Federal Government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National...
Financial Crimes: Stop Shielding Fraudulent Customers – EFCC To Banks
Abuja (Sundiata Post) - The Economic and Financial Crimes Commission (EFCC) has issued a warning to banks and compliance officers to stop...
Bank should stop issuing old notes to customers, says Gov. Adeleke
OSOGBO- Gov. Ademola Adeleke of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers, if they will...
Banks issue old notes in FCT, customers hesitant
ABUJA- Commercial banks in the Federal Capital Territory (FCT), have started issuing the old Naura notes to customers.The News Agency of Nigeria (NAN) checks...
CBN issues operational guidelines on open banking
ABUJA- The CBN issued operational guidelines for open banking in Nigeria on Wednesday.
The News Agency of Nigeria (NAN) reports that the guidelines establish principles...
Naira: Banks pay customers with old N500, N1000 notes
FOLLOWING the Supreme Court judgment, which extends the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money...
Naira Redesign: CIBN sues for calm, reassures banks will remain open
By LYDIA NGWAKWE
LAGOS- The Chartered Institute of Bankers of Nigeria (CIBN) said it was liaising with the Body of Banks CEOs to address...
New naira notes: We allocate N30m daily to each bank branch...
By AHMED KAIGAMA
BAUCHI- The Central Bank of Nigeria (CBN), Bauchi State, says it allocates N30 million new naira notes daily to each branch of...
Redesigned Naira : CBN to monitor compliance by commercial banks
By DEJI ABDULWAHAB
ABUJA- The Central Bank of Nigeria (CBN) will monitoring commercial banks to ensure that they comply with the directive of loading the...
Bank failure: Depositors should go sleep, no deposit will be lost...
By GINIKA OKOYE
PORT HARCOURT- The Nigeria Deposit Insurance Corporation (NDIC) has assured bank depositors of the safety of their monies in banks even in...
Failed banks: NDIC engaged 467 insured banks in 2021– MD
By GINIKA OKOYE
ABUJA- The Nigeria Deposit Insurance Corporation (NDIC) says its liquidation activities involves no fewer than 467 insured banks with a view to...
NDIC boss blames banks failure on managers
By LYDIA NGWAKWE
LAGOS- Mr Bello Hassan, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has blamed the failure of banking institutions on the officers...
Senate Passes Bill Mandating Banks To Report Deposits Above N5M To...
A bill to amend the Money Laundering Act 2011 has been passed by the Nigerian Senate on Wednesday March 16.
The new bill now makes...
Cashless transactions: Excessive charges, fraudsters frustrate bank customers
Banks are quick to woo customers with e-payment products but are allegedly reluctant to address associated complaints arising from using such products, reports indicate.
The Central...
BANKS IN 2022: Still attractive but the pressure is mounting —...
The banking sector may have settled for some major shifts in their operations and fortune in 2022, a development which will significantly affect customers’...
Forex: ABCON asks CBN to de-risk BDCs operations to receive diaspora...
The Association of Bureaux De Change Operators of Nigeria (ABCON), an umbrella body for over 5,3000 Central Bank of Nigeria (CBN)-licenced Bureaux De Change...
Banks, PFAs invested N2.96tn in FG bonds in 10 months –...
Deposit Money Banks, Pension Fund Administrators and other investors committed about N2.96tn to Federal Government bonds between January and October 2021, according to an...
VAT War: Gov. Wike vows to seal off defaulting corporate organisations
Rivers State Governor Ezenwo Nyesom Wike, has threatened to seal off corporate organisations that fail to pay their Value Added Tax (VAT) to the...
Banks, state offices close for ‘Isese Day’ celebration in Osun
Banks and state government offices in Osun, were closed on Friday, for the ‘Isese Day’ celebration, the News Agency of Nigeria (NAN) reports.
NAN recalls...
1 Feared Dead As Robbers Attack 2 Banks In Osun
At least one person was killed when robbers attacked two new generation banks in Iree in Boripe Local Government Area of Osun State on...