30 results
- 25 Jul 2025
NIBBS: Banks Close 29.4m Accounts, Dormant Accounts Hit 33.39m
Banks in Nigeria closed 29.4 million accounts as of March 2025, according to the latest report by the Nigerian Interbank Settlement System (NIBSS). The figure represents a sharp year-on-year increase…
- 21 Feb 2022
Five Key Steps You Need to Keep Your Instagram Account Safe
Account safety and helping our community keep their accounts secure is extremely important to us at Instagram. We have a number of tools in place to help people keep their Instagram accounts safe…
- 7 Apr 2016
Sage Launches Global Accountant Partner Program
Sage, the market leader for integrated accounting, payroll and payment systems, today announced the launch of a Global Accountant Partner Program to help accountants transform & grow their…
- 29 Jan 2020
UBA Rewards 100 Customers with N10m in New ‘UBA Bumper Account’ Promo
United Bank for Africa (UBA) Plc, Pan African financial institution, has, launched the ‘UBA Bumper Account’, a hybrid account, targeted at transforming the lives of its customers. The new account is…
- 12 Dec 2017
Ecobank Nigeria Unveils Xpress Account
Ecobank Nigeria has unveiled Ecobank Xpress Account, a flagship digital product that will take banking to the grassroots. The Ecobank Xpress Account is a Digital Account that is mobile based. It is…
- 21 Jul 2024
CBN Expects N20trn from Dormant Accounts
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to deposit unclaimed balances and funds in dormant accounts to the apex bank accounts. According to the CBN the…
- 13 Apr 2023
Unclaimed monies in dormant accounts to be invested in T-Bills – CBN
Central Bank of Nigeria (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a Trust Fund account which will ultimately be invested in Treasury Bills. This is…
- 6 Jul 2022
Kenyan Court Freezes Accounts of Flutterwave, Others for Alleged Money Laundering
A Kenyan high court has reportedly frozen the accounts of Futterwave, a Nigerian fintech, among over alleged money laundering. A total of 56 bank accounts holding a whopping Sh7 billion suspected to…
- 28 Jul 2024
CBN to Publish Names of Owners of Dormant Accounts Yearly
Central Bank of Nigeria (CBN), said it would publish the names of owners of unclaimed balances in dormant accounts that is being transferred to the Unclaimed Balances Trust Fund (UBTF) Pool Account.…
- 19 Mar 2025
Firm Offers Steps to Prevent a WhatsApp Account from being Hacked
A user's messaging app account might be of interest not only to jealous spouses and nosy coworkers, but also to cybercriminals. Stolen WhatsApp accounts are used for various types of criminal…
- 24 Nov 2020
NCC's Twitter Account Restored @NgComCommission
Twitter has uplifted the temporal suspension placed on Nigerian Commissions Commission’s account following a decision taken to ensure the safety of the account owner, NCC and its thousands of…
- 8 Jul 2020
Banks’ Customers Abandon 2.6m Accounts in 3 Months
Bank customers in the country abandoned 2.6million accounts between March and May this year, according to the “Industry Customer Bank Account Data” for the months of March, April and May 2020,…
- 21 Mar 2017
7 Ways to Make Your Online Accounts Safer
A day scarcely goes by without a reported case of hacking. Millions of accounts are exposed and all sorts of information released to the public. Recently, over 500 million Yahoo user accounts were…
- 17 Mar 2017
7 Ways to Make Your Online Accounts Safer
A day scarcely goes by without a reported case of hacking. Millions of accounts are exposed and all sorts of information released to the public. Recently, over 500 million Yahoo user accounts were…
- 1 Dec 2025
Tax ID Numbers tot Required for Strictly Personal Bank Accounts
Tax Identification Numbers (TINs) are not required for strictly personal bank accounts under Nigeria’s new tax reforms; they become mandatory only if the account is used for business transactions,…
- 18 Feb 2025
CBN Orders Banks to Publish Details of Dormant Accounts, Unclaimed Balances
Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to publish the name of the account, the type of account, the name of the bank, and the branch where the…
- 19 Feb 2025
NIBSS Says about 20m Bank Accounts Dormant in Nigeria
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System (NIBBS). Dormant…
- 23 Nov 2009
GTBank Holds Raffle for SKS Account Holders
Guaranty Trust Bank is set to reward its SKS (Smart Kids Save) account holders in its Annual SKS Raffle Draw. Current SKS account holders will have an opportunity to win variety of prizes on offer…
- 17 Nov 2022
Wema Bank Increases Benefits on its Royal Kiddies Account for Children
Wema Bank, Nigeria's innovative financial institution, has rolled out a new benefit for parents and children on its bespoke children's savings account, Royal Kiddies Account (RKA), in a new campaign…
- 1 Jun 2025
SERAP Sues NNPC over Alleged Missing ₦500Bn, Seeks Accountability
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over its failure to account for the alleged missing ₦500…
- 13 Jul 2020
CBN Empowers Banks to Debit Accounts of Loan Defaulters
Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to the account holders. Mr.…
- 1 Oct 2023
SERAP Sues 36 Govs over Failure to Account for N72Bn Subsidy Palliative
Socio-Economic Rights and Accountability Project (SERAP) says it has filed a lawsuit against the 36 state governors in Nigeria over “their failure to account for the spending of the N72 billion…
- 13 Feb 2025
FG Order MDAs to Close Commercial Banks’ Accounts, Enforce TSA Policy
Federal government has directed all Ministries, Departments, and Agencies (MDAs) operating in states to close their accounts with commercial banks and fully comply with the Treasury Single Account…
- 13 Mar 2020
Facebook Removes Accounts from Nigeria, Ghana for Inauthentic Behaviour
Facebook announced the removal of 49 Facebook accounts, 69 Pages and 85 Instagram accounts for engaging in foreign interference, which is coordinated inauthentic behaviour on behalf of a foreign…
- 15 Oct 2014
CIMA Mulls Centre to Boost Accounting Research in Nigeria
The Chartered Institute of Management Accountants has disclosed plans to establish a CIMA Centre of Excellence in Nigeria aimed at developing the field of management accountancy in Nigeria. Andrew…
- 22 Jul 2021
IPOB Closes US Bank Account over Fraud
Indigenous People of Biafra (IPOB) has closed its bank account in the United States which also served as a central account for members to pay their monthly dues and contributions to the Eastern…
- 27 Nov 2014
Union Bank Targets Small Businesses with UnionEnterprise Account
Union Bank of Nigeria Plc has introduced a new hybrid business account, specially tailored to cater to the needs of small businesses. The new UnionEnterprise Hybrid Account gives growing businesses…
- 23 Jul 2024
We Banks Told to Transfer Dormant Accounts to Us to Prevent Fraud – CBN
Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has explained that it ordered banks to transfer all dormant accounts and unclaimed balances to a specialized account to prevent fraud.…
- 6 May 2025
Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails
Employees may also use corporate emails to register for personal accounts on marketplaces and social media, increasing the risk of account theft and corporate security breaches, according to a study…
- 19 Jun 2024
Scammers Target Facebook Business Accounts using Meta’s Infrastructure and Branding
Kaspersky has discovered a new phishing scheme targeting Facebook business accounts, using legitimate Facebook infrastructure to send deceptive emails with threats of account suspension.…