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 […]
More Nigerian banks would be wise to have Islamic banking windows. That way, they are able to keep all the business of their sometimes affluent Muslim customers, while still availing them of conventional banking services. […]
Nigeria’s Access Bank said on Wednesday it had booked a 4 billion naira ($13 million) impairment on its loan to troubled telecoms firm 9mobile, formerly known as Etisalat Nigeria. Access Chief Executive Herbert Wigwe said […]
Verve International says it has partnered with 13 banks and mobile money operators to deploy cardless transaction infrastructure across all states in the country. With Paycode, Verve says customers can withdraw money at ATMs and […]
Data made available by the National Bureau of Statistics show that 8,663 people lost their jobs in the first half of 2017. In other words, an average of 360 people have been sacked every week […]
When the Central Bank Nigeria, CBN, blocked official dollar access to importers of 41 low-skilled items, Baton Nigeria, an Ogun state-based company, was preparing to start a factory producing tooth picks – one of the […]
Barclays Bank has asked expatriates, including Nigerians, with less than £100,000 deposit to close their accounts. In a letter dated June 12, 2017, the bank informed the customers that would be affected by the policy […]
The management of Skye Bank Plc has written to Acting President Yemi Osinbajo, detailing how Tunde Ayeni, chairman of the bank between 2010 and 2016, allegedly wrecked the financial institution. In a series of letters […]
Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC. Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with […]
The management of Skye Bank on Friday confirmed holding about $41 million (about N12. 9billion) belonging to the Nigerian Investments Management Services, NAPIMS, allegedly kept away from the Treasury Single Account, TSA account domiciled with […]
The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of a one million dollar Venture Capital to boost the Creative Industry. The minister made the announcement at the opening of […]
The Central Bank of Nigeria (CBN) on Friday, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals. The dollars were offered for the last […]
A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by […]
Once upon a time, you had a transaction to make, you walked into the local branch of your bank, you were attended to with courtesy; you did what you had to do, and walked back […]
A recent report on how three major banks paid a combined N200m in penalties to regulators underscores the weaknesses in Nigeria’s regulatory framework. For committing 16 infractions of the rules combined in 2016, Access Bank, […]
Bank alerts are short notifications or messages banks send to their customers to inform them whenever there is a transaction on their bank accounts. Basically, there are two types of bank alert, namely: SMS alert […]
…this tension between the economy’s need for growth, and the monetary authority’s responsibility for holding prices down, points to a major central banking reform requirement. Without question, my vote is for central bank independence. This […]
About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window. The decision by the Central Bank of Nigeria, CBN, to […]
Chukwuma Soludo, former governor of the Central Bank of Nigeria (CBN), says Nigeria must take steps to eliminate the current regime of multiple exchange rates. Soludo said the difference between the official and parallel market […]
I have downloaded the mobile app but it is not opening. This will be the third time which I will complain and nothing was done to help out.
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