Tag: Internet Banking
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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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Naira redesign: Embrace eNaira and internet banking, CBN tells Nigerians
The Central Bank of Nigeria (CBN) has expressed concern over the challenges being experienced by the citizens in getting cash from their bank accounts and other alternative channels. The Director, Corporate Communications Department in the bank, Mr Osita Nwanisobi stated this during the CBN Special Day at the ongoing 44th Kaduna International Trade Fair, on…
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TNG analysis: Nigerians groan as several banks shun FG, shutdown banking hall operations
Despite the federal government’s appeal to banks to continue operations amid the Covid-19 pandemic, the failures of several financial institutions to put up an efficient skeletal operation continues to take a heavy toll on daily activities of Nigerians, particularly on bank customers. Recall that the Central Bank of Nigeria (CBN) had earlier assured the public…
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Bank tellers, Internet banking channels losing significance
Bank tellers and Internet banking channels might be losing significance as both channels respectively lost 5% of total transfer transactions, according to the 2018 Interbank Instant Payments Annual Report. TheNewsGuru (TNG) reports the annual report released by the Nigeria Inter-Bank Settlement System (NIBSS) to shed some light on the performance of Inter-bank Instant payments, shows…