30 results
- 5 Sept 2025
FG Says Tax ID Mandatory for Banking, Allied Services from January Next Year
Federal government has made Tax Identification, (Tax ID) compulsory for people getting involved in banking and allied services in the country. Consequently, all taxable Nigerians are to obtain a…
- 2 Oct 2023
NDIC Begins Payment of N16.18Bn to Liquidated Banks’ Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. This followed impressive…
- 3 Dec 2014
NDIC Recovers N25.31bn from Liquidated Banks Debtors
The Nigerian Deposit Insurance Corporation (NDIC) said it had recovered a cumulative sum of N25.31bn from debtors of Deposit Money Banks in liquidation as at the end of December 2013. The figure…
- 12 Dec 2023
Why Some Nigerian Banks Failed - Ibrahim
Umaru Ibrahim, immediate past managing director and chief executive officer, Nigerian Deposit Insurance Association (NDIC), has said that some Nigerian banks failed because of non-compliance with…
- 7 Dec 2023
NDIC to Pay N16.18Bn Liquidation Dividends to Depositors of 20 Failed Banks
Nigeria Deposit Insurance Corporation (NIDC), has asked depositors of 20 failed banks to come forward and claim their liquidation dividends amounting to N16.8 billion. Bello Hassan, managing director…
- 29 Oct 2020
Sterling Bank Unveils Banking Solution For Nigerians In Diaspora
Sterling Bank Plc, has launched a new solution called Switch aimed at revolutionising international banking and allied services for Nigerians in the Diaspora. Shina Atilola, Sterling Bank’s…
- 27 Jun 2021
NDIC Begins Payment of Liquidation Dividends to Depositors of 14 Dead Banks
Nigeria Deposit Insurance Corporation (NDIC) said it is ready to pay uninsured creditors, depositors and shareholders of 14 closed banks their liquidation dividends. In a release on Sunday by Bashir…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 4 Sept 2022
NDIC Makes Final Dividend Declaration to Depositors, Creditors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to…
- 2 Aug 2020
Fintech1000plus Honours MTN, Glo, Others
Fintech1000plus, Nigeria’s foremost informal association in the banking, financial and allied technology sector recently honoured three telecommunication companies and some of its members following…
- 12 Mar 2025
Daphne Dafinone, CBN GOV's Ally Facing Alleged N100m Fraud Charges – Police
Daphne Dafinone, an ally of Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), is facing prosecution over an alleged N100 million fraud. Daphne Dafinone, Dafinone who is also a board member of…
- 29 May 2018
Payment Card Control App Reaches Milestone of 3,000 FIs Served
Ondot Systems has reached the milestone of 3,000 financial institutions worldwide that now offer payment card controls via Ondot-powered mobile apps. The Ondot app sits within the client FI's own…
- 13 Nov 2020
Angst as FG Plans to Take Over Unclaimed Dividends, Dormant Accounts
Federal government is once again proposing the unpopular Unclaimed Dividend Trust amendment to the Companies & Allied Matters Act (CAMA), where unutilised bank balance and unclaimed dividends…
- 22 Apr 2014
CBN Warns Banks Over Mutilated Notes
The Central Bank of Nigeria (CBN), has warned that it would no longer tolerate complaints from commercial bank customers over payment of mutilated notes whereas mint notes found their way to the…
- 20 Sept 2021
CIBN, NJI to Raise Awareness for Judicial Officers on Banking Contemporary Issues
The Chartered Institute of Bankers of Nigeria has called for joint knowledge events to educate all cadres of Judicial Officers in the country on developments and trending issues in the banking and…
- 18 Jun 2015
Xmn® Boosts Applications for Financial Sector, Others with 10 Solutions
Xmn Technologies Limited, a leading Information Technology firm in Nigeria, has been silently but surely and locally developing software that provides practical solutions for organizations,…
- 27 Sept 2013
CBN Supports Power Reform with N109Bn
The Central Bank of Nigeria (CBN) said it has disbursed over N109 billion to 20 companies in support of the ongoing power reform in the country. Malam Sanusi Lamido Sanusi, CBN governor, …
- 7 Apr 2021
CBN Freezes 11 Bank Accounts over Suspicious Activities
Central Bank of Nigeria (CBN) has got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities, according to two…
- 18 Jun 2025
First Bank Spends N15Bn to Guard Systems against Hackers in 5 Months –CEO
First Bank HoldCo Plc has disclosed that it spent over ₦15 billion to protect its banking systems from cyberattacks between January and June this year, as digital threats to financial institutions…
- 14 Dec 2009
CBN Bailed Out Banks to Stem Distress-Sanusi
Mallam Sanusi Lamido Sanusi, governor of Central Bank of Nigeria (CBN), has said that the apex bank opted to bail out the eight distressed banks instead of outright liquidation so as to prevent a…
- 22 Mar 2010
Union Bank to Offer Full Services at Enugu Fair
Union Bank of Nigeria Plc’s participation at the 2010 Enugu International Trade Fair is to boost economic recovery of small and medium enterprises, agro allied companies and all categories of…
- 17 Jun 2024
World Environment Day: Union Bank Advocates for Environmental Restoration
Union Bank, one of Nigeria’s foremost financial institutions, has reemphasised the need to preserve and restore the global habitat through sustainable environmental practices. This clarion call was…
- 24 Nov 2021
EFCC Fingers Insiders for Most Fraud in Banking Sector
Economic and Financial Crimes Commission (EFCC) has said that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees. Mr Abbah Sambo,…
- 20 Oct 2023
History as Fintrak Software Unwraps Africa’s First AI-Powered Credit Management Software
Fintrak Software Limited, a financial technology (Fintech) firm headquartered in Lagos, has set a new benchmark in the African financial landscape with its introduction of AI-powered “Fintrak Credit…
- 4 Sept 2019
Polaris Bank Unveils New Mobile Banking App, Offers 50% Discount on Charges
Polaris Bank has unveiled its new Polaris Mobile Banking App and is offering customers a 50 per cent discount on all transfer fees for 30 days after registration on the app. The Bank disclosed…
- 18 Nov 2021
Governor Mohammed Lauds CIBN for Donating 160-Seater Lecture Theatre to ABTU
The Governor Bauchi State, Senator Bala Mohammed has commended the Chartered Institute of Bankers of Nigeria for donating a 160-Seater lecture theatre at the Abubakar Tafawa Balewa University Bauchi,…
- 31 Aug 2015
Shell Trains 150 Niger Delta Youths in Enterprise Development
Another 150 youths from the Niger Delta are to benefit from the 2015 LiveWIRE programme of the Shell Petroleum Development Company of Nigeria Limited (SPDC) operated Joint Venture, bringing the total…
- 13 Nov 2020
Nigeria Records 67% Rise In Electronic Money Transactions During COVID-19 Lockdown - CBN
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has revealed that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased…
- 14 May 2014
CIBN Seeks Passage of Financial Ombudsman Bill
The Chartered Institute of Bankers of Nigeria has called on the National Assembly to speed up the legislative process on the financial ombudsman bill in order to ensure its speedy passage. Dr Uju…
- 13 May 2014
CBN Chides Banks over Money Laundering
Dr. Sarah Alade, acting governor of the Central Bank of Nigeria (CBN), has linked banks to money laundering and other related crimes and accused them of aiding or abetting the crimes knowingly or…