Naira crisis: CBN to fine banks hoarding new notes
The Central Bank of Nigeria may levy fines of N5 million on banks holding fresh notes and N50,000 against individuals selling them.…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
New naira: Extra PoS charges’ll stop, CBN begs Nigerians
Juliet Buna The Governor of the Central Bank of Nigeria, Godwin Emefiele, has appealed to Nigerians to show understanding, adding that…
Naira scarcity: Zulum inspects Maiduguri banks [Video]
The Executive Governor of Borno State, Prof. Babagana Umara Zulum, on Friday, visited various commercial banks across the state to conduct inspection.…
Naira scarcity: GTB app suffers downtime, customers lament
Oluwanifemi Ojo Customers of top Nigerian financial institution, Guaranty Trust Bank, have been left fuming on social media after a downtime…
Moody’s rating downgrades nine Nigerian banks
A global rating agency, Moody’s Investors Service, downgraded nine Nigerian banks after an assessment of Nigerian banks on Tuesday. According to Daily…
ICPC storms banks to monitor cash disbursement
Oluwanifemi Ojo The Independent Corrupt Practices and Other Joint Task Force have begun monitoring the cash disbursement exercise as they visited two…
Kuda bank allays customers fears amid operation glitch
Online banking institution, Kuda Bank has allayed the fears of its customers who have been unable to access their funds since…
AfDB’s $1.5bn agric fund’ll benefit 20 million farmers – Adesina
The president of the African Development Bank, Akinwunmi Adesina, has set aside a total of $1.5 billion for a “Emergency Food Production Facility”…
Abiola Bawuah named UBA’s first female CEO
The United Bank for Africa Plc has appointed Abiola Bawuah as the Chief Executive Officer of its operations in Africa. The…
New naira: CBN recovers N1.9trn in two months
Following the cash withdrawal policy and the naira notes redesign, the Central Bank of Nigeria said it has since recovered N1.9 trillion…
New naira: Experts hail CBN for deadline extension
Oluwanifemi Ojo Financial experts have commended the Central Bank of Nigeria for the decision to shift the deadline that was…
Bank customers lose N2.72 billion to crooks – Report
An FITC analysis has revealed that bank customers in Nigeria lost a total of N2.72 billion to fraud in the first and second…