Banks

234 bank branches, 649 ATMs shut in Nigeria – IMF234 bank branches, 649 ATMs shut in Nigeria – IMF

234 bank branches, 649 ATMs shut in Nigeria – IMF

A total of 234 branches of banks and 649 Automated Teller Machines were closed down in 2020, leading to a…

3 years ago
Sunday Igboho has 43 accounts in 9 banks – FG identifies secessionist’s sponsorSunday Igboho has 43 accounts in 9 banks – FG identifies secessionist’s sponsor

Sunday Igboho has 43 accounts in 9 banks – FG identifies secessionist’s sponsor

The Federal Government on Friday revealed an alleged sponsor of self-acclaimed Yoruba activist and the major pioneer of the agitation…

3 years ago
Bank customers pay N75.5bn account maintenance fee in six monthsBank customers pay N75.5bn account maintenance fee in six months

Bank customers pay N75.5bn account maintenance fee in six months

Bank customers in Nigeria paid N75.5bn as account maintenance charges between January and June of this year, which is an…

4 years ago
Query potential customers’ sources of income, EFCC tells banksQuery potential customers’ sources of income, EFCC tells banks

Query potential customers’ sources of income, EFCC tells banks

The Economic and Financial Crimes Commission has asked all commercial banks in the country to investigate the sources of income…

4 years ago
UBA, Zenith, five others under pressure to pay 774,000 jobs participantsUBA, Zenith, five others under pressure to pay 774,000 jobs participants

UBA, Zenith, five others under pressure to pay 774,000 jobs participants

Seven banks are under immense pressure from the Federal Government to pay all 774,000 participants of the Extended Special Public…

4 years ago
CBN to sanction banks denying customers foreign exchangeCBN to sanction banks denying customers foreign exchange

CBN to sanction banks denying customers foreign exchange

The Central Bank of Nigeria has handed down a warning to banks’ chief executive officers to be prepared for heavy…

4 years ago
Banks now deduct N6.98 for USSD transactionBanks now deduct N6.98 for USSD transaction

Banks now deduct N6.98 for USSD transaction

Deposit Money Banks (DMBs) on Friday commenced the implementation of a new charge of N6.98 on customers using the unstructured…

4 years ago
Banks, MTN resolve USSD dispute, reconnect subscribersBanks, MTN resolve USSD dispute, reconnect subscribers

Banks, MTN resolve USSD dispute, reconnect subscribers

Commercial banks have reconnected customers of MTN Nigeria to the Unstructured Supplementary Service Data (USSD) code for airtime vending. This…

4 years ago
Banks, MTN dispute over USSD, airtime fees deepensBanks, MTN dispute over USSD, airtime fees deepens

Banks, MTN dispute over USSD, airtime fees deepens

There were strong indications last night that some commercial banks may have yanked off their USSD, airtime purchase, and other…

4 years ago