Category: Banking
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CBN issues Dec. 1, ultimatum against banks, ATM delays
The Central Bank of Nigeria (CBN) on Friday advised bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1.
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CBN Governor admits Nigerian banks facing pressure
The Central Bank of Nigeria (CBN) has admitted that Nigeria’s Deposit Money Banks (DMBs) are faced with both external and internal pressures but that they are “satisfactorily resilient” amid the pressures.
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CBN alerts Nigerians to fake foreign fund transfers
The Central Bank of Nigeria (CBN) has advised members of the public to be cautious of fake SWIFT Messages on foreign exchange remittances to their Nigerian bank accounts.
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FG targets $1trn economy by 2030 via financial inclusion
The Federal Government says it is putting sustainable mechanisms in place to build a $1 trillion economy by 2030 through financial inclusion.
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UBA Foundation announces 2024 National Essay Competition with double grant prize increase
UBA Foundation, the Corporate Social Responsibility (CSR) arm of the United Bank for Africa (UBA) Plc, has launched the 2024 edition of its prestigious National Essay Competition (NEC), unveiling a significant 100% increase in the educational grants for top winners.
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Real reason CBN introduced EFEMS for FX transactions
The Central Bank of Nigeria (CBN) has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS) for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM).
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See this if you experience exorbitant bank charges
The Central Bank of Nigeria (CBN), has advised bank customers to ensure they properly understand any bank product before subscribing to them.
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Access Bank faces N100m lawsuit over alleged unlawful deductions
A legal practitioner, Mr Junaid Sanusi who is a customer of Access Bank Plc, has sued the bank for N100 million for allegedly deducting his money unlawfully. While arguing his originating summons before the Federal High Court at Ibadan on Monday, Sanusi informed the court that he operated a savings account with Access Bank Plc.
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NOVA bank appoints new Executive Directors
NOVA Bank has announced the appointment of David Isiavwe as Executive Director, Operations and Information Technology, and Chinwe Iloghalu as Executive Director, Institutional and Commercial Banking.
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GTBank confirms website domain hack
Guaranty Trust Bank Plc, popularly known as GTBank, has confirmed an attempt to compromise its website domain.