Court orders immediate reopening of Taraba Microfinance Bank,branches
The Federal High Court, Jalingo Division has ordered the Taraba Police Command to immediately reopen all the branches of Taraba Microfinance Bank Ltd., pending the […]
Banks
NDIC warns operators against disclosing customers’ financial data, status
The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission. Dr Kabir Katata, Deputy […]
ICPC collaborates with banks for anti-corruption operations in Oyo, Ogun
Mr Stephen Pimor, a Commissioner for the Independent Corrupt Practices and Other Related Offences Commission in charge of Oyo and Ogun offices, says its collaboration […]
FIRS, First Bank seek out of court settlement in N25bn damages suit
Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them […]
AfDB wants banks held accountable for women financing
President of the African Development Bank (AfDB), Mr Akinwumi Adesina, wants banks and financial institutions “fully held accountable’’ for lending to women. In an interview […]
Banks allocate N15.13trn credit to private sector – NBS
#TrackNigeria The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the […]
NFIU doesn’t need to write banks for account details –Official
By Danlami Nmodu The Nigerian Financial Intelligence Unit (NFIU) has debunked reports that it has written to banks asking them to make available the “account […]
Consultant urges FG to direct commercial banks to create mortgage products
A real estate consultant, Mr Kingsley Theophilus, has urged the Federal Government to direct banks to create more consumer-friendly mortgage products to facilitate housing development […]
Court jails former New Prudential Bank MD, Adetunji Abudu two years for N195m fraud
#TrackNigeria –The Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of Adetunji Abudu, a former Managing Director, New Prudential Mortgage Bank […]
3,000 SMEs to benefit from Fidelity Bank’s Funding Connect initiative
Fidelity Bank Plc on Tuesday said over 3,000 Small and Medium Enterprises (SMEs) would be participating in its SME Funding Connect initiative aimed at bridging […]
CBN faults report on bank’s finances
#TrackNigeria – The Central Bank of Nigeria,CBN has faulted a report alleging that the apex bank’s support to the federal government has risen astronomically. A […]
Reps indict 16 commercial banks for non-remittance of stamp duty
#TrackNigeria -The House of Representatives has recommended that 16 commercial banks be penalised for not remitting N1.6 billion stamp duties into federation account. The house […]
Activist engages 3 SANs, 24 lawyers over indiscriminate charges by banks
A Human Rights Activist, Mr Patrick Eholor has engaged the services of three Senior Advocates of Nigeria (SAN) and 24 lawyers, to sue banks in […]
Election: FG declares Friday public holiday, excludes banks
The Government has declared Friday Feb.22 as Work-Free Day to enable Nigerians prepare for the rescheduled Presidential and National Assembly Elections on Saturday. Minister of […]
Two more banks go down as Ghana completes sector cleanup
Ghana’s Central Bank on Saturday disclosed the revocation of the operating licences of two more banks, Premium Bank and Heritage Bank. Announcing the decision, Ernest […]
CBN introduces Consumer Complaint Management System to banks
The Central Bank Of Nigeria (CBN) has announced the deployment of its Consumer Complaint Management System (CCMS) to ease the process of addressing issues. The […]
Industrial court seals 4 banks in Owerri
The National Industrial Court in Owerri on Wednesday sealed four banks for disregarding its order which was issued in favour of a former Gov. Ikedi […]
Strike: Banks shut down in Gombe, customers lament
Banks in Gombe on Thursday, remained closed to customers due to the ongoing 7-dy strike ordered by the Nigeria Labour Congrss over minimum wage. The […]
Market capitalisation hits N21bn – NSE
Trading activities on the Nigerian Stock Exchange (NSE) on Friday sustained a positive growth for the second consecutive day as the market capitalisation appreciated by […]
CBN slams heavy Sanctions on 4 Banks
..Standard Chartered N2.4 bn ..Stanbic IBTC N1.8 bn ..Citibank N1.2 bn ..Diamond Bank N0.25 bn …writes MTN to refund $8 billion The Central Bank […]
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 banks. The Chief Executive Officer […]
Buhari calls for stronger partnership with banks to improve infrastructure
President Muhammadu Buhari has called for stronger partnership with lending banks to reduce the nation’s infrastructure deficit. The President made the call when he received […]
CBN directs banks to resolve USSD disputes in 3 days
The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel […]
Don commends court order on accounts without BVN
An academic, Prof. Charles Nwekeaku has commended the court order stopping the Federal Government from freezing accounts without Bank Verification Number (BVN). Nwekeaku, an Associate […]
Six banks pay N155.45bn into sinking fund in 3 years – AMCON
Six Commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three years. Access Bank, GTBank, […]