Staff strength of Nigerian banks reduce by 2,929 in three months

Even as the Nigerian government continued to promise to reduce unemployment, the workforce of Deposit Money…

Leaked memo shows banks asked telcos to charge for USSD

  Nigerian banks proposed to telecom companies to charge customers directly for USSD services, a memo…

Seven banks fail CBN’s stress test

The funding positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria…

Pinheiro seeks legislative review of garnishee rules in banks debt  recovery proceedings

A senior lawyer, Mr Kemi Pinheiro SAN on Tuesday called for a legislative review of the…

EFCC, ICPC to beam searchlight on fraudulent banks —Malami

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), on Thursday, said…

CBN, 14 banks deny overseeing Imo N1bn contract account

The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by…

RMAFC to recover N100bn unremmitted stamp duty funds from banks

Commercial banks are to be probed over stamp duty collections, the Revenue Mobilisation Allocation and Fiscal…

Some bankers launder funds for terrorists, says Magu

Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says some “fraudsters in…

Banks ‘will not charge’ interest on oil marketers’ 18-month subsidy debt

Deposit money banks in the country will not receive interest on loans linked to petrol subsidy…

Senate asks CBN to increase maximum ATM withdrawal to N40,000 per transaction

The Senate has asked the Central Bank of Nigeria (CBN) to direct commercial banks to increase…

CBN reviewing sanctions slammed on MTN, banks

The Central Bank of Nigeria (CBN) says it is reviewing the recent sanctions placed on MTN…

Nigerian banks fight on Twitter: And the winner is…

Some Nigerian banks have engaged in a social media battle, throwing banters at each other on…

Banks suspend cash withdrawals from ATMs overseas

Banks have suspended all cash withdrawals from overseas Automated Teller Machines (ATMs), except for customers whose…

CBN close to single rate as BDCs, banks get dollars at same price

The Central Bank of Nigeria (CBN) has approved that Bureaux de Change operators and commercial banks…

CBN orders banks to sell FX to travellers over the counter

All intending travellers can now buy forex over the counter with the presentation of passports and…

EFCC recovers N27.7bn unremitted tax payments from six banks

The Economic and Financial Crimes Commission (EFCC) has recovered over N27.7billion from six banks being unremitted…

Buhari’s aide insists bank account holders without BVN may forfeit money

  A presidential aide has defended the government’s decision to enforce the Bank Verification Number (BVN)…

Court stops banks from operating accounts without BVN

Bank account owners who are yet to have a Bank Verification Number (BVN) run the risk…

Reps tell banks to unfreeze Patience Jonathan’s accounts

The House of Representatives on Tuesday directed six commercial banks to unfreeze any account belonging to…

N720bn debt: Oil marketers say banks want to seize tank farms

  Oil marketers have demanded payment of about $2bn (N720bn) debt owed by the Federal Government…

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