Category: Banking
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ICYMI: Merger, acquisition of banks coming soon in Nigeria
Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) has disclosed plans to implement a new round of banking recapitalisation for Deposit Money Banks (DMBs) in the country.
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Telecom operators threaten to block USSD banking
Telecom operators in Nigeria have threatened to block debtor banks from accessing the Unstructured Supplementary Service Data (USSD) banking service anytime soon.
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BREAKING: CBN halts Emefiele’s December deadline for old Naira notes
The Central Bank of Nigeria (CBN) has halted the December 31, 2023, deadline to completely phase out the old 200, 500 and 1,000 Naira notes.
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BREAKING: Union Bank delists from NGX 52 years after
Union Bank of Nigeria Plc would be delisting from the Nigerian Exchange Group (NGX) 52 years after listing, TheNewsGuru.com (TNG) reports.
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BREAKING: CBN confirms Naira notes scarcity in parts Nigeria
The Central Bank of Nigeria (CBN) has confirmed the scarcity of physical cash in some locations in the country.
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Robust FinTech critical for deepening financial inclusion in Nigeria – Maida
The Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities across the country.
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KayiApp launches to open doors of global financial markets
A revolutionary digital banking app known as KayiApp launched in the heart of the federal capital territory (FCT), Abuja on Thursday to open doors to global financial markets and seamless cross-border payments.
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Nigerians paid N154bn as e-banking fees in H1’ 23
Customers of nine prominent Nigerian commercial banks paid a staggering N154 billion in fees for utilising electronic banking (e-banking) services during the first half of 2023 (H1’23). The banks in question, including Guaranty Trust Bank, Access Bank, Zenith Bank, United Bank for Africa Plc, Stanbic IBTC, First City Monument Bank, Unity Bank, Fidelity Bank, and…
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NANS’ Senate commends Tinubu’s nomination of Cardoso as CBN Gov.
Senate President of National Association of Nigerian Students (NANS), Attah Nnalue, has commended President Bola Tinubu for the appointment of Dr Olayemi Michael Cardoso as Governor of Central Bank of Nigeria (CBN).
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Nigerian Banks, Companies fined N125m for failing to file audit reports
At least eight banks and 18 other listed companies in Nigeria have been collectively fined N125 million for their failure to submit their 2022 audited financial statements and quarterly reports for the first half of 2023, as mandated by the Nigerian Exchange (NGX). Among the banks that faced sanctions were Unity Bank, FBN Holdings, Access…