Tag: Banks
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Nigerian banks migrate to new cheque standards, to reject old ones from December 31
Nigerian banks are migrating in the New Year (2021), into brand new cheque standards, on the order of the Central Bank of Nigeria (CBN). The banks have in an official mail notification to their various customers said they will not accept the old cheques from December 31, 2020. The new cheques come with unique features.…
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Oyo seals four banks, six hotels, three filling stations, others over Land Use Charge
The Oyo State Government on Thursday, sealed off six hotels, four commercial banks, three filling stations, and seven companies for defaulting from paying the state’s land use charges. In line with the government’s Land Use Charge revenue demand bill, the State enforcement team sealed off the affected business facilities for failing to pay the required…
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![[VIDEOS/PHOTOS] Hoodlums on rampage in Lagos; malls, banks, warehouses, private residences looted, burnt](https://thenewsguru.ng/wp-content/uploads/2020/10/Hoodlums.jpg)
[VIDEOS/PHOTOS] Hoodlums on rampage in Lagos; malls, banks, warehouses, private residences looted, burnt
Suspected hoodlums are having a field day in Lagos looting malls, warehouses and breaking into peoples’ homes inflicting injuries and carting away properties. While some operated overnight, others took over early Thursday morning and are carrying out the dastardly act in broad daylight without any interference by security agencies. From Surulere to Lekki to Mazamaza,…
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CBN orders banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their…
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IMPORTANT NOTICE: FG orders ‘compulsory’ re-registration for all bank, other account holders
…Says failure to comply with order attract monetary penalty or inability to operate account …as Nigerians blast government for not making use of BVN, NIN, others The President Muhammadu Buhari led Federal Government on Thursday evening ordered all account holders in the country’s financial institutions to register their details again. This new order was disclosed…
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USSD charges: Banks owe telecoms operators N17bn
Financial Institutions, especially the banks, currently owed telecommunications operators about N17 billion in unpaid Unstructured Supplementary Service Data (USSD) rendered by them on the service providers network platforms. This was made known on Thursday by the Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, during a webinar organised by the Association of Telecommunications…
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Banks limit debit card spending abroad effective today
Banks will from today (Monday) slash the amount customers can spend abroad, using their debit cards. This is due to dollar shortage resulting from the sharp fall in crude oil prices. Crude oil is the main source of the country’s foreign exchange earnings. The lenders, which two years ago, raised their card spending limits on…
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Big banks join boycott of Facebook platforms
Canada’s biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc. begun by U.S. civil rights groups, seeking to pressure the world’s largest social media platform to take concrete steps to block hate speech. More than 400 brands have pulled advertising on Facebook in response to the “Stop Hate for Profit”…
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CBN orders instant refund of dispense errors at banks’ ATM
The Central Bank of Nigeria (CBN) has ordered quick refund of failed transactions and dispense errors at banks’ Automated Teller Machine (ARM). In a circular by its spokesman, Isaac Okorafor, titled: “CBN Revises Timelines for Dispense Errors, Refund Complaints”, on Sunday, the apex bank listed how the banks should quickly resolve the problems and resolve…