Millions of people have been left unable to pay for goods and services in shops, petrol stations and railway stations across Britain and Europe after an unprecedented crash in Visa’s payment system. Shoppers and travellers […]
All intending travellers can now buy forex over the counter with the presentation of passports and air tickets, the Central Bank of Nigeria (CBN) announced on Saturday evening. The bank also ordered BDCs to access […]
• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff […]
First Bank of Nigeria Limited, has announced the introduction of the Contactless Naira MasterCard, added to its array of debit cards, to promote convenience, ease of transactions and the security of funds. FirstBank assured that […]
Moody’s, a credit rating and research agency, has projected that the earnings of Nigerian banks in 2018 will decline. In its report, ‘Banking System Outlook — Nigeria’ released on Wednesday, the agency said operating conditions […]
The Central Bank of Nigeria (CBN) says customers should demand new naira notes from their respective banks and reject dirty ones. Speaking in an interview with NAN in Lagos on Thursday, Isaac Okorafor, CBN spokesman, […]
Association of Mobile Money Agents in Nigeria (AMMAN) has pick holes in the Central bank of Nigeria (CBN) and money deposit banks’ recently launched Shared Agent Network initiative, saying that infrastructure on ground does not […]
No fewer than 31 million customers have been captured in the Bank Verification Number (BVN), the Central Bank of Nigeria (CBN) has said. “As at December 2017, the implementation of the project recorded 31,426,091 registered […]
The Central Bank of Nigeria says the daily limit of funds transfer from mobile phones using short codes will now be N100,000. In a circular released on Thursday and signed by Dipo Fatokun, director, banking […]
Zenith Bank has now become a major issuer of Verve cards and has commenced distribution to its customers nationwide. This development is expected to help Zenith bank customers gain access to the numerous benefits of […]
The Central Bank of Nigeria says the daily limit of funds transfer from mobile phones using short codes will now be N100,000. In a circular released on Thursday and signed by Dipo Fatokun, director, banking […]
The management of Diamond Bank says it has disposed its entire shares in its UK subsidiary to a member of the GFG Alliance. This, it said, is in line with its objectives of streamlining its […]
Recent data provided by the World Bank says 118 million Nigerians do not have bank accounts. The information was made available in the latest Global Findex Database report released on Thursday at the ongoing Spring […]
The Central Bank of Nigeria (CBN) and deposit money banks (DMBs) the other day traded blame over who is responsible for large quantities of dirty/unfit Naira currency notes in circulation and the scarcity/shortage in the […]
Lagos—Heritage Bank Plc has entered into a strategic partnership with the Choice International Group, CIG, Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new […]
Two Nigerian banks, Access Bank and Guaranty Trust Bank (GTB), paid a combined fee of over N96 million in 2017 for contravening various regulations put in place by the Central Bank of Nigeria (CBN), a […]
It is quite interesting that the House of Representatives has ordered investigations into the allegation that some deposit money banks (DMBs), in collaboration with officials of the Central Bank of Nigeria (CBN), diverted interest of […]
Access Bank Plc has proposed a final dividend of 40 Kobo per share to its shareholders, in addition to 25 Kobo interim dividend paid during the period, making a total of 65 Kobo for the […]
You can now transfer money from debit card to debit card without the stress of handling cash or complex bank shortcodes. The service was launched on Friday by PaySend in its new partnership with Access […]
One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking. The initiative in partnership with the […]
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