USSD: Banks disown MTN
The body of Nigerian Bank Chief Executive Officers, CEOs, has reacted to report that banks directed MTN Nigeria Communication Plc to...
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CBN releases new guidelines to banks
The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through...
CBN governor, Emefiele reveals what he’ll do to Nigerian banks in his second term
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has pledged to re-position Nigerian banks through recapitalisation during...
EFCC boss, Magu issues warning to bankers
Mr Ibrahim Magu, the Acting Chairman, Economic and Financial Crimes Commission (EFCC), has cautioned bank officials in the country...
RMAFC begins probe of banks over N100bn duties
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection...
EFCC accuses 10 banks of money laundering
Ibrahim Magu, the acting Chairman of the Economic and Financial Crimes Commission (EFCC), has accused 10 unnamed commercial banks of...
Robbers attack bank in Ekiti, kill four
Suspected armed robbers on Monday killed four persons during an attack on a bank in Ijero-Ekiti. The victims of the robbery include two...
New Minimum Wage: Labour grounds banks, schools, courts in Abia
Commercial banks and government owned-institutions were grounded on Thursday, in Abia State following the national strike declared by the...
154 microfinance banks to lose licence – CBN
The Central Bank of Nigeria (CBN) yesterday gave a notification to revoke the operating licences of 154 microfinance banks in the...
Kaduna govt lists 10 banks marked for closure over N2.3bn tax
The Kaduna State Internal Revenue Service on Wednesday issued a one week notice to 10 commercial banks operating in the state to remit a...
What customers must demand from their banks monthly – CBN
The Central Bank of Nigeria, CBN, has urged bank customers to demand for their statement of account monthly. Oludamola Atanda of the...
Offa robbery: Bank sacks workers, as police talk tough
Following the deadly robbery attack in Offa, Kwara State, the management of one of the commercial banks has reportedly sacked five of its...
Offa robbery: Bank in Omu-Aran remains shut
An atmosphere of fear and anxiety has continued to envelop the Omu-Aran community, as the only commercial bank in the town, has yet to...
CBN issues fresh warning to banks
The Central Bank of Nigeria (CBN) has directed that banks and other financial institutions must settle customers’ complaints on issues of...
Patience Jonathan asks court to jail MDs of 3 banks, gives reasons
Former First Lady, Patience Jonathan, has asked the Federal High Court in Abuja to commit the Chief Executive Officers of three major...
Only six banks meet CBN’s dividend payout rule
Only six banks have met the Central Bank of Nigeria’s directive on dividend payout by commercial banks and discount houses. They are:...
Ekwueme: Markets, banks, schools shut in Anambra
Commercial activities were on Thursday put on hold in the entire Anambra State in honour of the homecoming of former vice president, Dr...
CBN threatens to sanction banks
The Central Bank of Nigeria (CBN) on Monday threatened to impose N10,000 daily fine on banks and other electronic payment service...
Patience Jonathan: SERAP blows hot over directives to banks, warns Saraki, Dogara
Socio-Economic Rights and Accountability Project (SERAP) has warned the President of the Senate Dr Bukola Saraki and the Speaker of the...
Court asks CBN, banks to freeze accounts without BVN
A Federal High Court in Abuja has ordered the Central Bank of Nigeria and the 19 commercial banks in the country to freeze any account...
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