CBN vows to sanction banks hoarding, diverting cash
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) regarding cash hoarding and diversion,…
Browsing Tag
Banks
Service Disruption: FCCPC warns banks against customers’ right violation
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to financial institutions over ongoing…
Recapitalisation: Banks doing well, all offers received from them approved…
The Securities and Exchange Commission (SEC) says it has approved all the offers it received from commercial banks amid the…
Nigerian banks spent $500m on private jets — Otedola
The chairman of FBN Holdings, Femi Otedola, has called on Nigerian banks to reduce their extravagant spending, including on…
Reconsider forex windfall levy on banks
A corrosive pill is being forced down the throats of the banks. And the industry is quacking over it. It is stirring a lot of…
Remit funds in unclaimed balances, dormant accounts to us, CBN tells banks
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in…
JUST IN: Mass global IT outage grounds airlines, media, banks, others
Reports from prominent international media outlets including CNN and BBC have confirmed a widespread IT outage impacting…
Heritage Bank: No plans to withdraw licenses of three more banks –…
The Central Bank of Nigeria (CBN) says there are no plans to withdraw the licenses of three banks.
A press statement by the…
[FULL LIST] ASUU, TCN, banks, others join NLC nationwide strike
Several unions have shut down their workplaces to comply with the directive from the two major labour unions to begin an…
Banks generated N438bn from digital transactions in 2023
In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has…