THE Federal High Court in Lagos has ordered 71 banks and other financial institutions to place debit restrictions on accounts…
Browsing: Banks
BANKS, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports (STRs) to the Nigerian Financial Intelligence Unit (NFIU)…
THE Central Bank of Nigeria (CBN) resolved nearly 90 per cent of complaints lodged by consumers of financial services in…
THE Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze transactions, accounts, and assets…
NIGERIANS banks generated a combined N209.18 billion from account maintenance charges in the first quarter of 2026, representing a 14.07…
THE Central Bank of Nigeria (CBN) has increased the fee for the issuance or replacement of debit and credit cards…
THE Central Bank of Nigeria has raised fresh concerns over cyber security threats, warning Nigerians of ongoing hacking attempts aimed…
LAGOS Govt State Government has appealed to private organisations such as banks, filling stations, eateries, and others to make their…
THE Central Bank of Nigeria (CBN) has announced the successful completion of its banking sector recapitalisation programme, revealing that 33…
WITH just days to the March 31, 2026 deadline, Nigeria’s banking sector has recorded a major milestone as 34 banks…
THE Chartered Institute of Bankers of Nigeria (CIBN) has pledged its full support to the Association of Corporate and Marketing…
BANKS have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the…
THE Nigerian Naira has hit a record high of ₦1, 400 against the US dollar at the official market during…
THE Federal Government has directed all banks and financial technology companies operating in Nigeria to begin collecting and remitting a…
BANKS and telecommunications operators in Nigeria have been handed a March 1, 2026, deadline to fully implement a comprehensive refund…
NIGERIA’s banking industry is undergoing a major structural transformation, as the rapid rise of Point of Sale (PoS) transactions continues…
STATE governments and local government councils across Nigeria have significantly reduced their exposure to bank loans, collectively repaying about ₦547.52…
AFRICA’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s…
THE Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, effective January 2026. News Point Nigeria reports that…
THE Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment (APP)…