Do you know the minimum amount some banks charge customers for USSD transactions is N10 for checking account balances, inter-bank transfer costs N50 per session? Of course, the banks also charge for POS transactions. In […]
Access Bank Plc. has hit one billion naira daily in loan value through its expanded digital lending portfolio. Mr. Victor Etuokwu, the bank’s Executive Director, Retail Banking, announced this in Lagos on Tuesday. Etuokwu said […]
The Central Bank of Nigeria (CBN) on Saturday said the general public would continue to return mutilated banknotes to their banks after the September 2 deadline. The Director, CBN Corporate Communications, Isaac Okoroafor disclosed this in a […]
The Central Bank of Nigeria (CBN) says the general public should continue to return mutilated banknotes to their banks after the earlier announced September 2 deadline. Isaac Okoroafor, CBN’s director of corporate communications, made this […]
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after the Bankers Committee meeting on Monday, […]
Tens of thousands of British citizens born in the US but who left when only a few months or years old risk having their bank accounts in Britain frozen because of intense pressure by US […]
“By advancing new measures, pushing banks to extend their lending activities, the CBN is filling the policy void in the prolonged absence of a new cabinet. Unfortunately, neither the new minimum loan-to-deposit ratio nor the […]
The Central Bank of Nigeria (CBN) says non-customers of microfinance banks can now exchange as high as N10,000 to smaller currencies from the banks. According to a statement released on Thursday by Isaac Okorafor, CBN’s […]
Ebenezer Onyeagwu, the new group managing director of Zenith Bank, says banks are planning on a mechanism that will allow them to recover customer loans from deposits made in other banks. Onyeagwu made this known […]
To further strengthen its funding base, Access Bank Plc at the weekend announced that it has successfully issued a Tier II N30 billion fixed rate subordinated unsecured bond. The bond was oversubscribed, which according to […]
Group Managing Director, Access Bank Plc., Herbert Wigwe, recently reaffirmed the bank’s commitment to the educational development of children in Nigeria, highlighting it as one of the most important tools to sustaining the future of […]
The management of Ecobank Nigeria has denied claims that it disengaged a large number of its staff. In a statement released on Wednesday, the bank said the people affected were contract staff adding that it […]
Two measures rolled out in quick succession by the Central Bank of Nigeria could give impetus to the financial system and boost the flagging economy. A plan to compel a sweeping recapitalisation announced by the […]
There is a new high tech fraud in town called subscriber identity module (SIM) Swap. Hundreds of persons are already licking their wounds after losing millions of naira. How it works? Your phone network will […]
Godwin Emefiele, Governor of the Central Bank of Nigeria, has once again confirmed the authenticity of a report by SaharaReporters revealing that Emefiele and other top officials of the apex bank connived to conceal the […]
Has your bank deducted money from your account unjustifiably? Have you been denied interest on your savings or deposits? Have you had unauthorised ATM or POS transactions on your account? And has your bank refused […]
A London based economic and political risk analyst that I have known for more than 10 years reached out to me a couple of weeks ago to ask this poignant question: “What’s going on in […]
The management of Access Bank has threatened to publish the list of all its delinquent debtors. In a statement released on Thursday, the bank said it is acting in line with a directive from the […]
“I don’t have an account, and I can never have one till I die. My pocket and my car are secure enough for me, no matter how much I have,” an Abuja resident, Ibrahim Gombe, […]
Access Bank has agreed that it would pay off a $200 million Eurobond issued by Diamond Bank in 2014. Diamond Bank had attempted to raise between $300 million and $350 million at the time to […]
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