Tag: banks
CBN fines 4 banks N5.87bn over forex irregularities
The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and…
CBN imposes N5.87bn fine on four banks for violating extant laws
The Central Bank of Nigeria, CBN, has imposed a fine of N5.87bn on four banks for flagrant violation of extant…
Banks’ lending to private sector decline by N600.60bn in 6 quarters
The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first…
MTN, 12 banks sign N200b medium term loan agreement
Mobile telephone operator, MTN on Wednesday signed a seven-year N200 billion medium term loan agreement with a consortium of 12…
Lagos shuts 5 banks, 80 buildings at Allen Avenue
Officials of the Lagos State Building Control Agency, LASBCA, on Tuesday shutdown five banks and over 80 buildings at Allen…
Stolen $99m: Kenya to investigate 10 banks
Kenyan authorities will investigate 10 financial institutions suspected of handling funds that were stolen from the government’s National Youth Service…
Cryptocurrencies: Zimbabwe bans banks from trading, processing payments
Reserve Bank of Zimbabwe says it has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin.
Banks record N1.56bn ATM transaction in first quarter of 2018
Banks have recorded N1.56 trillion transactions through the Automated Teller Machine (ATM) in the first quarter of 2018, National Bureau…
Banks are ripping us through ATMs, customers cry out
Commercial Bank customers within the Federal Capital Territory (FCT) have decried excess charges by banks through Automated Teller Machine (ATM)…
Video: Banks, churches more corrupt – Femi Falana
Renowned human rights activist, Femi Falana (SAN) has hit hard on the banks and churches as being nests of corruption,…
Robbers attack 3 commercial banks, kill policemen, residents
A gang of armed robbers on Thursday raided some commercial banks in Offa, Kwara, killing some policemen and residents as…
Banks lose customers despite CBN’s campaign for financial inclusion
Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics…
India directs banks to “name and shame” wilful defaulters
The Indian government on Wednesday asked its banks to “name and shame” wilful defaulters by publishing their photographs and other…
Banks not impacting, 40% Nigerians under-banked – Osinbajo
The Vice President, Prof Yemi Osinbajo, on Monday, decried the low impact of commercial banks on the citizenry with no…
Banks advised to consider social reputation in lending
Discussants at the 2018 Social Media Week Lagos on Wednesday called for facilitation of financial inclusion through lending to the…
CBN orders banks to settle customers’ complaints within 2 weeks
The Central Bank of Nigeria (CBN) has directed that banks and other financial institutions must settle customers’ complaints on issues…
CBN recovers N50 billion from ‘thieving’ banks
The Central Bank of Nigeria, CBN said on Wednesday it has so far recovered over N50 billion from erring banks…
Sallah: NLC urge Banks to improve ATM services
The Nigerian Labour Congress (NLC), Kano State Chapter, has called on Banks operating ATM Machines across the state to improve…
Refinery: Tycoon wants FG to compel banks to fund indigenous companies
Capt. Emmanuel Iheanacho, the Chairman, Integrated Oil and Gas Ltd., has appealed to Federal Government to compel financial institutions to…
Group urges banks to improve funding for SMEs
The Nigerian Economic Summit Group (NESG) has urged banks and other finance institutions to grant Small and Medium Scale Enterprises(SMEs)…
Etisalat vs Banks: CBN, NCC intervene to save jobs, Asset Stripping
Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2…
Etisalat’s $1.2b loan: Banks seek investigation into management
Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollars loan is seeking…
Senate Probes Customs, Banks, Importers Over N30 tn Fraud
The Senate Committee on Customs, Excise and Tariff has commenced investigation into the more than N30 trillion fraud allegedly carried…
CBN orders banks to honor dollar application within 48 hrs
The Central Bank of Nigeria (CBN) has directed Money Deposit Banks to henceforth process and meet the demand for dollars…
NAGAFF wants more banks at Abuja airport
The Abuja chapter of the National Association of Government Approved Freight Forwarders of Nigeria, NAGAFF, has written the Minister of…
Osun followed CBN guideline in disbursing N34.5b bailout-Banks
Labour unions and recipient Banks of the N34.5 billion bailout funds given to Osun State Government have declared that the…
Banks stop granting loans to Ekiti workers over irregular salary
Most commercial banks operating in Ekiti have placed embargo on further granting of loans against salary to workers in the…
Senate summons Ngige, Emefiele to explain retrenchments in banks
The Senate has summoned the Minister of Labour and Productivity, Dr Chris Ngige, CBN Governor, Mr Godwin Emefiele and bank…
Govt orders banks to stop retrenching workers
The Federal Government on Friday directed banks, insurance and financial institutions to suspend the on-going retrenchment in the sector. This…
The banks insisted I stay, Wenger tells fans
Arsenal boss Arsene Wenger claims his commitment to the club helped secure the bank loans required to fund the Emirates…