ONE of the essential needs of undergraduates in higher institutions is the presence of banks within or around the school premises. This, affords students a means of survival and easy access to money, especially to […]
Moody’s Investors Service (Moody’s) has downgraded to B2 from B1 the long-term local currency deposit and issuer ratings of four Nigerian banks. It also downgraded the long-term local and foreign currency issuer ratings of another […]
Banks still earn plenty of money, and fees are an important source of profits. That means that people who do pay fees make up for everybody else – sometimes paying thousands of naira or more […]
In order to address the challenge posed by the absence of a unique identity for bank customers which was militating against the effective implementation of the “Know Your Customer” principle, the Central Bank of Nigeria, […]
FOLLOWING an application instituted by the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami (SAN), a Federal High Court sitting in Abuja recently ordered a temporary forfeiture and freezing of all money […]
Lawyer and human rights activist, Ebun-Olu Adegboruwa, tells BAYO AKINLOYE that the judiciary is complicit in the Federal Government’s efforts to take over 46 million bank accounts without BVN Some have considered the step taken […]
The bill to mop up over N3 trillion from dormant accounts – especially funds deposited by deceased folks which their next of kin aren’t aware of — in Nigerian banks and an estimated N100 billion […]
In a deft move that caught many unawares, Justice Nnamdi Dimgba of the Federal High Court Abuja, last week, ordered that account holders without Bank Verification Number (BVN) risked forfeiting their monies. The court specifically […]
A Federal High Court in Abuja presided over by Justice Nnamdi Dimgba recently caused disquiet among banking stakeholders with its interim order for the forfeiture to the Federal Government of all monies in the bank […]
The Abuja Division of the Federal High Court has granted a request by Attorney General of the Federation, Abubakar Malami, for a temporary forfeiture of all funds held in bank accounts not linked to BVNs […]
Kaduna – Former Vice President, Abubakar Atiku, Governor Aminu Tambuwal of Sokoto State and former Vice Chancellor of Ahmadu Bello University, Prof. Ango Abdullahi, said Wednesday that the north had nothing to fear about restructuring […]
Diamond Bank, the current employer of newly appointed Deputy Governor of the Central Bank of Nigeria, Aishah Ahmad, has given a dodgy response when asked by this newspaper to respond to widespread claims that Ms. […]
Aishah Ahmad had hardly been nominated deputy-governor of the Central Bank of Nigeria (CBN) when controversy broke out over her qualification for the job. In an anonymous post that went viral on social media, it […]
drtayooke@gmail.com Despite numerous bank failures in the recent past around the world, and the grubby, shady deals regularly entered into by bankers, it is, by and large, a pretty respectable profession. It is one that […]
There are indications that some Deposit Money Banks (DMB) may likely face new sanctions and fines by the financial regulator, the Central Bank of Nigeria (CBN) over improper remittances of revenues they collected on behalf […]
A massive and clearly illegal multi-source funding of the federal government by the Central Bank of Nigeria (CBN) could drag the Nigerian economy to its knees, experts familiar with domestic monetary conditions and current happenings […]
In line with its goal to provide quality service to its customers, Keystone Bank Limited has introduced a new SMART number, for customer support. Launched earlier this month, the smart number – 0700 2000 3000 […]
The Central Bank of Nigeria (CBN) has given a four-week ultimatum to deposit money banks which have not complied with its directive to open teller points for retail forex transactions. In a statement sent to […]
The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier instructions to open teller points for retail foreign exchange (Forex) transactions in all locations. […]
Some bank customers in Lagos have commended banks for uninterrupted services at their Automated Teller Machines (ATMs) during the long holidays. The customers spoke in separate interviews with newsmen who monitored the performance of the […]
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