Load ATMs with new naira, CBN orders banks
The Central Bank of Nigeria has ordered commercial banks across the country to comply with its earlier directive to dispense the new…
Banking
All the news and updates from the banking sector; Access Bank, GTBank, First Bank, First City Monument Bank, United Bank of Africa etcs
Why bank stocks dropped by N141bn – Analyst
Market experts and analyst have explained why the banking sector performance ended the year out of the loop as five banks saw…
PennyTree redesigns app to improve retail banking
Nigerian Fintech company, PennyTree, has redesigned its mobile app to provide retail banking services for individuals and merchants looking to scale and…
Zenith Bank suspends international transactions on naira cards
Zenith Bank Plc. has suspended international transactions on naira cards. The bank, in a notice to its customers on Thursday, said…
How Nigeria’s BVN registration hit 56.5m in 2022
The Nigeria Inter-Bank Settlement System, have revealed that banks in Nigeria registered 4.8 million new Bank Verification Numbers in 2022. According to…
Activate rural banking, CBN directs PSBs
The Central Bank of Nigeria has instructed Payment Service Banks to target those who are financially excluded by operating primarily in…
GTBank halts dollar transactions on naira Mastercards
Guaranty Trust Bank has suspended all international transactions on its naira MasterCards. This was disclosed in a statement issued by the…
Buhari names BOI’s executive directors
The President, Major General Muhammadu Buhari (ret.) has given his approval for Mallam Shekarau Omar to serve a second term as Executive…
Afreximbank launches TRADAR Club to boost African trade
African Export-Import Bank has launched TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments…
Withdrawal limit: PoS agents not endangered by new policy, says CBN
The Central Bank of Nigeria has debunked claims that its new policy limiting cash withdrawals is targeted at point-of-sales agents. Recall,…
VIDEO: Nigerian banks dispense new naira notes
Commercial banks have started dispensing the newly redesigned naira notes to over-the-counter customers. Channels Television, on Thursday, reported that some banks…
Access bank launches tech-modified agents’ kiosks
Access Bank commissioned and empowered Access Closa agents across Nigeria with Solar powered fiber kiosks. According to a statement by the…