Tag: Banks
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See short bank codes to ease your transactions this weekend
Its another weekend and as expected, commercial banks won’t open for business. However, there is really no need to worry as TheNewsGuru.com brings you a compilation of short bank (USSD) codes to make your transaction more faster, efficient and convenient using your mobile phone. Gone are the days when people have to go to banks…
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Corruption: Banks keeping stolen funds must be sanctioned – Osinbajo
The acting President, Prof. Yemi Osinbajo, on Monday urged banks and other financial institutions withholding illicit funds to be made “to face the consequences of engaging in criminal conduct“. Osinbajo said this in an address at the `Conference on Promoting International Co-operation in Combating Illicit Financial Flows and Enhancing Asset Recovery to Foster Sustainable Development’…
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Just in: 5 suspects arrested over planned attack on banks in Lagos [Photo added]
The Inspector-General of Police (IGP’s) Intelligence Response Team (IRT) on Friday announced the arrest of five suspected armed robbers who had planned to attack some banks in Lagos. The IRT Commander, ACP Abba Kyari, disclosed this to the News Agency of Nigeria (NAN) in Lagos. Kyari said the arrested suspects also participated in the killing…
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Banks lost N2.19bn to fraudsters In 2016 – CBN
The Central Bank of Nigeria, CBN, on Tuesday said that Deposit Money Banks in the country lost a total of N2.19bn to fraudsters in the 2016 fiscal period. The figure was contained in the Nigeria Electronic Fraud Forum Annual Report, which was unveiled by the CBN Governor, Mr. Godwin Emefiele, during the NEFF stakeholders’ workshop…
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Manhunt underway for hackers behind global WannaCry Ransomware cyberattack
International investigators hunted Saturday for those behind an unprecedented cyber-attack that affected systems in dozens of countries, including at banks, hospitals and government agencies, as security experts sought to contain the fallout. The assault, which began Friday and was being described as the biggest-ever cyber ransom attack, struck state agencies and major companies around the…
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Ignore rumours of financial distress in Banks – NDIC MD
The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has urged the public to ignore rumours of financial distress in some banks. A statement by the NDIC said that rumours were being circulated via text messages and social media to de-market those banks and destabilise depositors’ confidence in the banking system. The…
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Stop receiving stolen Nigerian monies, Adeosun warns foreign banks
…Says it was surprising how foreign banks hastily received stolen funds from individuals without asking questions on the source but sets-up rigorous processes to repatriate such funds even when it has been identified as stolen. The Minister of Finance, Mrs. Kemi Adeosun has lambasted foreign banks providing ‘enabling environment’ for corrupt Nigerians and indeed other…
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Confusion as banks, JAMB trade blames over delays in registration
With Benue candidates encountering more difficulties in their bids to register for the 2017/2018 Unified Tertiary Matriculation Examinations (UTME), banks and the Joint Admissions Matriculation Board (JAMB) have continued to trade blames. While JAMB has accused the banks of causing the delays, the banks have shot back, arguing that JAMB was solely responsible for generating…
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CBN finally bows to pressure, orders banks to open FX offices at airports
The Central Bank of Nigeria (CBN) has mandated banks to open Forex retail office at all major airports to ease transactions for intending travellers. The apex bank made the declaration in its new policy action on the Foreign Exchange Market today in Abuja on Monday. The statement reads in full: “New Policy Actions in the…
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Manufacturers chide banks for forex racketeering
Manufacturers under the aegis of Manufacturers Association of Nigeria, MAN, have accused commercial banks in the country of engaging in foreign exchange racketeering, which has been fuelled by acute shortage of hard currency in the economy. The manufacturers also called for the immediate review of the forex policy of the Central Bank of Nigeria,…