Access Bank Plc says its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited following fulfilment of “key conditions precedent including regulatory approvals.” This was contained in a statement released on Wednesday and signed […]
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says deposit money banks will begin remittances from international money transfer operators (IMTOs) on Friday, December 4. A statement released by the apex bank on […]
Did you travel to the UK and urgently need some FX to fund your debit card? Sorry, you now have to return to Nigeria, buy the dollar, pay into your card and return to the […]
Nigeria’s tier-1 banks saw a 10 percent decline in net income generated from fees and commission in the first half of the year, according to an analysis done by TheCable.Advertisement The five biggest (tier-1) banks […]
The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31. In a circular signed by O.S. Nnaji, director of trade and exchange department, the […]
The Central Bank of Nigeria (CBN) has asked banks to take responsibility for collecting electricity bill payments. In a circular dated August 21, Bello Hassan, CBN’s director of banking supervision, said taking over from electricity […]
The Central Bank of Nigeria (CBN) says it will no longer approve payment of foreign exchange to form M applicants who do so through a company and agent, thereby eliminating third parties. According to a […]
Access Bank has advised customers to be vigilant because the number of reported fraud cases is increasing. In a statement on Thursday, Victor Etuokwu, the executive director for retail banking, urged customers to take more […]
Banks have advised customers to remove their face masks when carrying out transactions through Automated Teller Machines to ensure that their faces are properly recognised. Findings revealed that some banks have installed face detection features […]
Access Bank has offered to pay stamp duty charge for February to April on behalf of its customers. It also said deductions made between Saturday and Sunday would be reversed to customers. In a statement […]
Globally, banks occupy a primal locale in the annals of commerce and business. They are portrayed in some quarters as one of the engines that propel the wheels of economic progression. They may be the […]
Access Bank has warned its customers to be on the lookout for fraudsters who are using new methods to swindle people of their money. The bank said fraudsters contact their potential victim via mail, phone […]
Polaris Bank says charges would be waived for loan defaulters for three months. The bank said the waiver would be effective from March 1, 2020. The Central Bank of Nigeria empowers deposit money banks to […]
Fidelity Bank and Stanbic IBTC have joined counterparts, Zenith Bank and Guaranty Trust Bank (GTB), in lowering dollar spending limit on debit cards. Fidelity Bank told customers that it would impose a new limit of […]
The Central Bank of Nigeria (CBN) said the N50 being charged Nigerians who use Point of Sale (POS) machines for transactions, is a misinterpretation of its directive by rogue merchants. CBN Director of Payment System […]
The Central Bank of Nigeria (CBN) has reduced the withdrawal charge attached to transactions on banks’ automated teller machines (ATM) from N65 to N35. This is contained in a document entitled, ‘Guide to Bank Charges’ […]
In the face of many challenges in the development sector, practitioners have continue to reflect on how to find pathways to achieve the Sustainable Development Goals (SDGs). Ongoing turmoil in the global economy, and the […]
The Central Bank of Nigeria together with the Bankers Committee has introduced a classification system for the bank verification number (BVN). Godwin Emefiele, the CBN governor, announced this on Saturday at a press briefing to […]
An average of 18 people were sacked every working day between January and September 2019. This is according to data made available by the National Bureau of Statistics (NBS). According to the ‘Selected Banking Sector […]
Guaranty Trust Bank says it has waived all charges on GTCrea8 accounts; a product designed for university students aged between 16 and 25. In a statement released on Monday, the bank said it would cover […]
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