Tag: Banks
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Banking sector records over 910m transactions worth N65trn in 2016 – NBS
The National Bureau of Statistics (NBS) said a total volume of 910,186,115 transactions valued at N65.16 trillion were recorded in 2016 as electronic payment in the banking sector. This statistics was contained in a “Selected Banking Sector Data for 4th Quarter 2016’’ released by NBS in Abuja. The report stated that Automated Teller Machine, ATM…
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Court orders interim seizure of $153m deposited in 3 banks by Diezani to FG
A Federal High Court in Lagos on Friday, issued an interim order of forfeiture to the Federal Government of $153.3 million belonging to a former Minister of Petroleum Resources, Diezani Allison-Madueke. The monies were said to be domiciled with three Nigerian banks. Justice Muslim Hassan gave the order following exparte application filed by the Economic…
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CBN urges banks to be more proactive on economic recovery
The Central Bank of Nigeria (CBN) says banks have a critical role to play in returning the economy to normalcy as their financial intermediation activities cut across all sectors. The CBN Governor, Mr Godwin Emefiele, said this in a statement by the apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor on Friday in Abuja.…