We’re not hoarding new naira, banks debunk CBN’s claims
Oluwanifemi Ojo Commercial bank operators in Nigeria have disputed assertions made by the Central Bank of Nigeria that they are hoarding…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Extend old, new naira deadline, NLC urges CBN
Wilson Adekumola President of the Nigeria Labour Congress, Comrade Ayuba Wabba, on Thursday, has urged the Governor of Central Bank…
New naira note: CBN insist on January 31st deadline
Juliet Buna The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for…
New naira: 50% unbanked Nigerians may lose savings, says report
Oluwanifemi Ojo A new report by the Inclusion for all Initiative predicts that over 50 percent of Nigerians without access to…
Banks lending rate to customers hits 29.13%
As of the end of December 2022, the maximum loan rate in the banking industry was 29.13%, while the return on…
Monarchs begs CBN to extend old naira deadline
Oluwanifemi Ojo The OkuIbom Ibibio and President General of Akwa Ibom State Traditional Rulers Council, Edidem Solomon Etuk, appealed to the…
Old naira: Commercial Banks to work Saturdays
The Central Bank of Nigeria has announced that commercial banks would work on Saturdays to receive the old Naira notes from customers.…
CBN to charge banks N1m daily over new currency
Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly…
CBN fines banks N1m daily over refusal of new naira
Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned…
How to make cardless ATM withdrawal at Fidelity Bank
Oluwanifemi Ojo Customers of Fidelity Bank can now withdraw cash from the banks Automated Teller Machines across the country without using…
Access Bank’s Kenyan expansion on course despite setback
Bisola Fatoye Access Bank Plc revealed that its efforts to advance regional trade finance and other cross-border banking services in the East…
Mobile bank transfers hit N19.4 trillion in 2022
The Nigeria Inter-Bank Settlement System has revealed that in 2022, Nigerian bank clients sent a combined total of N19.4 trillion in mobile…