Nigeria’s major telecom operators have warned they may stop supporting USSD banking services due to what…
Tag: Banks
Comedian AY Calls Out Banks Over Excessive Charges
Nigerian comedian and filmmaker Ayo Makun, popularly known as AY, has raised concerns over the hefty…
FRC reviews financial statements of NNPC, banks, others
The Executive Secretary, Financial Reporting Council, Ambassador, Shuaibu Ahmed said the FRC is undertaking a review…
Bayelsa govt urges banks, IOCs to support sports devt
ODAHIEKWU OGUNDE, Yenagoa Bayelsa State Government has called for partnership and support from commercial banks, international…
NDIC says banks may pay annual deposit premium on risk exposure
The Nigerian Deposit Insurance Corporation is working to introduce a risk-based deposit insurance premium for Deposit…
CBN warns banks to desist from Forex malpractices
The Central Bank of Nigeria has warned Deposit Money Banks to always observe due diligence and…
CBN orders banks to improve on bulk payment system
The Central Bank of Nigeria has directed commercial banks and Payment Service Providers (PSPs) in the…
Know your customers, trace their source of income, EFCC instructs banks
Economic and Financial Crimes Commission (EFCC) has instructed banks to start investigating their customers’ source of…
FOREX ban: CBN assures customers of banks’ compliance
…allay fears over dom account deposits The Central Bank of Nigeria (,CBN) has assured members of…
Banks’ credit to economy grows by N24.23tn
Total credit from the banking sector to the economy rose to N24.23 trillion as of the…