“Close all unauthorised tax collection accounts immediately,”…
The Federal Inland Revenue Service (FIRS) has directed banks to shut any tax and levy collection accounts not authorised under its…
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Banks
Comply with applicable Nigerian, UN sanctions lists, CBN tells Banks
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to comply with applicable Nigerian and…
ATM Cash Withdrawals: New policy mutually beneficial to banks and customers…
The Central Bank of Nigeria (CBN) has defended its newly introduced policy imposing charges on cash withdrawals from Automated…
CBN fines nine Banks for failing to distribute Cash at ATMs
In a strong stance against cash flow disruptions, the Central Bank of Nigeria (CBN) has penalised Deposit Money Banks (DMBs) for…
UBA Emerges Top 5 in KPMG Customer Experience Survey for Banks
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has cemented its position as a leading customer-centric institution,…
CBN fixes $100,000 minimum trade for banks on forex platform
The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
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,…
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…