CBN increases forex allocation to banks, assures liquidity for invisibles
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the…
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Banks
Telcos, banks commence implementation of N6.98 service charge for USSD…
Telecommunications companies and commercial banks in the country have commenced implementation of the N6.98 service charge for…
Armed robbers attack two banks, police station in Osun, five feared killed…
Some armed men yesterday struck in Ikire and Apomu, Irewole and Isokan local government areas of Osun State, killing five persons…
Speaker Gbajabiamila expresses worry over banks’ ‘hidden’ charges,…
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has expressed concern over the way banks charge customers…
CBN orders banks to close Naira Accounts of IMTOs
Deposit Money Banks (DMBs) in the country have been ordered to close all Naira accounts operated by International Money Transfer…
Ecobank seeks better collaboration between banks, others
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has advocated a closer collaboration between banks, Telcos, Fintechs…
Oyo seals four banks, six hotels, companies over Land Use Charge defaults
The Oyo State Government, on Thursday, sealed off six hotels, four commercial banks, three filling stations, and seven companies…
CBN directs banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT…
Nigerian banks write off N1.9trn bad loans – Report
Nearly N2 trillion bad loans were cancelled by commercial and merchant banks in four years after the 2016 economic recession in…
IMF advises banks worldwide to suspend dividend payment to shareholders,…
The International Monetary Fund (IMF) has advised top commercial banks in the world to suspend dividend payment to their…