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Banks in Lagos, FCT, Ogun can open from Monday — FG

The presidential task force on COVID-19 on Wednesday announced that bank branches in Lagos, Ogun and the federal capital territory…

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Business

CBN reduces ATM withdrawal fee from N65 to N35 in new guideline

The Central Bank of Nigeria (CBN) has reduced the withdrawal fee charged for the use of other banks’ Automated Teller…

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Business

We didn’t ask MTN to charge customers for using USSD – Bank CEOs

The body of Bank Chief Executive Officers (CEOs) in Nigeria have refuted claims by MTN Nigeria stating that banks asked…

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Business

CBN fines 12 banks N499bn over failure to meet 60% loan-to-deposit deadline

The Central Bank of Nigeria (CBN) has fined 12 banks N499 billion for failing to give 60% of deposits as…

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News

Oyo Government Seals 12 Banks in Ibadan

Officials of the Oyo State Internal Revenue Board on Monday sealed twelve banks at the capital, Ibadan for non-payment of…

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Business

CBN Moves to Sanction Banks Over Failed e-Transactions

The Central Bank of Nigeria (CBN) has said it would sanction banks who fail to reverse customers failed Nigerian Instant…

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Business

Banks Begin Compilation of Customers’ Accounts Without BVN

Commercial banks on Friday began compilation of customers’ accounts without Bank Verification Numbers BVN). The lists, according to bank executives,…

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Business

CBN Recovers N50bn Excessive Charges From Banks

The Central Bank of Nigeria (CBN) has recovered over N50 billion excess charges in an attempt to ensure Deposit Money…

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