Nigerian bank customers abandon SMS for E-mail after increase charges BUSINESS Nigerian bank customers abandon SMS for E-mail after increase charges Offor Callistus May 12, 2025 Some bank customers, especially those of Guaranty Trust Holding Company (GTCO) say they will opt for electronic...Read More
Sterling Bank scraps transfer fees on ‘OneBank’ BUSINESS Sterling Bank scraps transfer fees on ‘OneBank’ Offor Callistus April 11, 2025 Sterling Bank has scrapped transfer fees on its OneBank digital platform, in a bold move that promising...Read More
Cash scarcity hits bank customers, businesses in Kogi BUSINESS Cash scarcity hits bank customers, businesses in Kogi Offor Callistus March 26, 2025 Cash crunch has hit Lokoja, the Kogi capital, crippling most businesses and making life miserable for residents....Read More
New ATM fees: Banks begin implementation, customers groan BUSINESS NEWS Nigerian News New ATM fees: Banks begin implementation, customers groan Offor Callistus March 2, 2025 Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following...Read More
USSD debts: NCC’s directive to disconnect defaulting banks laudable – Experts NEWS USSD debts: NCC’s directive to disconnect defaulting banks laudable – Experts Offor Callistus January 16, 2025 A Financial Technology Expert, Dr Yele Okeremi, has lauded the Nigerian Communications Commission’s (NCC’s) directive to Mobile...Read More
USSD debts: NCC orders telcos to disconnect 9 banks BUSINESS NEWS Nigerian News USSD debts: NCC orders telcos to disconnect 9 banks Offor Callistus January 16, 2025 The Nigerian Communications Commission (NCC) has ordered telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD)...Read More
CBN imposes N150m fine on banks releasing new notes to hawkers BUSINESS CBN imposes N150m fine on banks releasing new notes to hawkers Offor Callistus December 14, 2024 The Central Bank of Nigeria has announced a fine of ₦150 million on Deposit Money Banks found...Read More
Shettima tasks banks on cash availability BUSINESS Shettima tasks banks on cash availability Offor Callistus December 7, 2024 The Vice-President, Sen. Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to ensure seamless availability of...Read More
CBN issues Dec. 1, ultimatum against banks, ATM delays BUSINESS CBN issues Dec. 1, ultimatum against banks, ATM delays Offor Callistus November 30, 2024 The Central Bank of Nigeria (CBN) on Friday advised bank customers to report any difficulties withdrawing cash...Read More
CBN to sanction banks aiding, abetting hawking of naira notes BUSINESS CBN to sanction banks aiding, abetting hawking of naira notes Offor Callistus November 16, 2024 By JOY ADARA , Abuja– The Central Bank of Nigeria (CBN) has said it would sanction Deposit...Read More
EFCC to begin prosecution of banks, top officials for financial frauds – Chairman NEWS EFCC to begin prosecution of banks, top officials for financial frauds – Chairman Bode September 10, 2024 The Economic and Financial Crimes Commission (EFCC), has said it would soon commence the prosecution of banks...Read More
CBN guidelines: Customers throng banks to re-activate dormant accounts BUSINESS CBN guidelines: Customers throng banks to re-activate dormant accounts Bode July 30, 2024 Bank customers have thronged their banks to reactivate their dormant accounts in line with the...Read More
CBN exempts 16 Items from Cybersecurity Levy…including salary, loans, pension, donations BUSINESS CBN exempts 16 Items from Cybersecurity Levy…including salary, loans, pension, donations Bode May 7, 2024 The Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity...Read More
CBN expresses commitment to harnessing digital technologies BUSINESS CBN expresses commitment to harnessing digital technologies Bode April 16, 2024 The Central Bank of Nigeria (CBN) has said it is committed to harnessing the power of...Read More
CBN raises bank’s capital requirement from N25bn to N200b BUSINESS NEWS CBN raises bank’s capital requirement from N25bn to N200b Bode March 29, 2024 The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit...Read More
Don’t allow banks to fail – EFCC Chairman urges NDIC NEWS Don’t allow banks to fail – EFCC Chairman urges NDIC Bode March 22, 2024 By JOY ADARA, Abuja – The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede,...Read More
NIN-account linkage: Customers besiege banks in Ibadan, say policy unnecessaryc NEWS NIN-account linkage: Customers besiege banks in Ibadan, say policy unnecessaryc Bode March 5, 2024 Many Nigerians are now spending long hours in banks, seeking to link their National Identification Number (NIN)...Read More
Cash scarcity: Nigerians groan as banks, PoS operators trade blame Crime News Cash scarcity: Nigerians groan as banks, PoS operators trade blame Bode January 14, 2024 Some residents of Ibadan have decried the persistent cash scarcity, even as banks and Point of...Read More
CBN warns banks, POS operators against hoarding cash BUSINESS NEWS CBN warns banks, POS operators against hoarding cash Bode December 22, 2023 By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has warned Deposit Money Banks...Read More
Naira scarcity: PoS operators hike charges by 100 per cent NEWS Naira scarcity: PoS operators hike charges by 100 per cent Bode December 12, 2023 Operators of Point of Sale (PoS) in Calabar, the Cross River State capital have increased their...Read More