30 results
- 18 Feb 2013
Minna Banks Get N57Bn Deposits in 2012
Alhaji Mohammed Kabir Dangusau, chairman, Minna Bankers Clearing House Committee in Niger State,has said that Currency Operations in the Minna Clearing Zone in 2012 indicated that N56.71billion was…
- 23 Aug 2010
CBN Proposes 10-digit Bank Account Number format
One and half years after continued upsurge in the volume of automated direct credits cleared through bankers clearing house, the Central Bank of Nigeria (CBN) has mandated banks to create and…
- 7 Jun 2021
National Assembly Moves to Bar Bankers from Operating Foreign Accounts
House of Representatives is considering barring staff members of banks and other financial institutions from operating accounts outside the shores of Nigeria. Their spouses and children may also be…
- 31 May 2017
NDIC Academy Leads Africa in Deposit Insurance
The Nigeria Deposit Insurance Corporation (NDIC), is set to lead the African Sub-Region, to enhance capacity building and bridge skills gaps in the banking industry and the Deposit Insurance Scheme…
- 21 Jan 2013
Firms Join Hands for Cheque Truncation Solution
Proactive Technologies Limited and Sybrin Systems (Pty) Limited have inked a partnership agreement that will led to the deployment of Sybrin Automated Cheque Truncation Solution to Nigerian banks.…
- 14 Apr 2009
Union Bank Donates N50m to LASG Security Trust Fund, Bags Awards
Union Bank of Nigeria Plc after an initial N20 million deposit made to the Lagos State Security Trust Fund has added another N30 million bringing its donation to the Fund to N50 million. Dr. Barth…
- 16 Sept 2014
Total Resumes $2.5B Nigerian Deepwater Oil Field Sale
France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed. Total has…
- 11 Jun 2021
Ecobank Nigeria Pledges More Support, Collaboration with Bankers Institute
Patrick Akinwuntan, the managing director, Ecobank Nigeria has pledged more support and collaboration with the Chartered Institute of Bankers of Nigeria (CIBN), the umbrella body of all bank workers…
- 29 Jan 2026
Jide Sipe, Abiodun Coker of UBA, Others Emerge as ACAMB Executives
Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has ushered in a new executive council, with a strong representation from leading financial institutions, to steer…
- 20 Jun 2025
Bank Customers Petition CBN over Illegal Deductions, Demand Action
Bank Customers Association of Nigeria (BCAN) has written to the Central Bank of Nigeria (CBN) seeking urgent intervention over what it describes as persistent and unauthorized charges being deducted…
- 23 Nov 2014
CBN Plans Review of e-Payment Guidelines
Alhaji Suleiman Barau, deputy Governor, Operations Directorate, Central Bank of Nigeria (CBN), has said the apex bank may soon commence comprehensive review of electronic payment (e-payment)…
- 14 Nov 2012
Bankers’ Committee Scraps N100 ATM Charges
Deposit Money Banks (DMBs) have agreed to waive the N100 charge imposed on Automated Teller Machine (ATM) transactions across banks,B isi Onasanya, group managing director of FirstBank, said after…
- 28 Jun 2013
Elumelu Says Africa Open for Business, But not at Any Cost
Tony O. Elumelu, chairman, Heirs Holdings of one of the most diversified investment groups in Africa, has reiterated his message for the United States and international investors to engage…
- 5 Mar 2012
CBN Should Create Incentives for People to go Cashless – Agboola
Bolade Agboola is an executive director at CashCraft Asset Management Limited. He is an Associate of the Chartered Institute of Bankers and Chartered Institute of Stockbrokers. He is a registered…
- 28 Feb 2012
CBN Should Create Incentives for People to go Cashless – Agboola
Bolade Agboola is an executive director at CashCraft Asset Management Limited. He is an Associate of the Chartered Institute of Bankers and Chartered Institute of Stockbrokers. He is a registered…
- 7 Mar 2016
CBN to Stop Forex Sales to Banks not Issuing LCs
Any bank in Nigeria that deliberately refuses to issue Letters of Credit (LCs) to manufacturers would be denied access to the official foreign exchange window, according to a report by New Telegraph.…
- 13 Sept 2014
Nigerian Hackers Break into Bank System, Steal N6Bn
A group of criminals aided by an insider gained access to a bank’s computers, stealing a jaw-dropping sum. How did they do it? According to Weekly Trust, Godswill Oyegwa Uyoyou worked in the…
- 2 Oct 2015
Banks to Freeze 32m Accounts without BVN from November 1
Banks’ customers have until October 31 to enroll for the Bank Verification Number (BVN) or risk having their accounts frozen from November 1, according to the Bankers’ Committee. The Bankers’…
- 9 Jul 2024
Banks Lose N468m to Fraud in Q1 2024 -FITC
Deposit Money Banks (DMBs) in Nigeria recorded a total loss of N468.42 million dues to fraudulent activities in the first quarter of 2024, according to Financial Institutions Training Centre (FITC).…
- 29 Jan 2023
FITC Says Banks’ Customers Lost over N1BN to Fraud in Q2 2022
A report by the Financial Institutions Training Centre (FITC), has disclosed that Bank customers in Nigeria lost over one billion naira to Banks’ branch and mobile channels fraud in the second…
- 15 Jul 2026
How the Landlords’ Economy is Pricing Nigerians Out of Home
By Blaise Udunze It is considered that in every organized society, the home is supposed to be a place of security. It should be where families find peace after a hard day's work, where children grow,…
- 16 Mar 2021
EFCC Asks all Bankers to Declare Assets before June 1
Economic and Financial Crimes Commission (EFCC), has said that it expects all operators in the Nigerian financial system especially bankers to declare their assets latest June 1. Abdulrashed Bawa,…
- 6 Jun 2024
Fidelity Bank Set to Raise N127.1Bn by Rights Issue, Public Offer
Fidelity Bank Plc said that s it has concluded plans to raise N127.1 billion by way of rights issue to existing shareholders and a public offer, which is a combined subscription. Dr Nneka…
- 23 Jul 2019
Why Central Banks Need to Take Human Rights More Seriously
Many central banks are rethinking their approach to the environmental and social impact of their operations. According to Danny Bradlow, SARCHI Professor of International Development Law and…
- 26 Apr 2024
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund. Jim Ovia Ovia’s appointment is contained…
- 18 Dec 2015
SEC Says Shareholders, Investors Must Adopt e-DMMS in 90-Day
Securities and Exchange Commission (SEC) has given all shareholders and investors in the Nigerian Capital market 90 days deadline to complete e-dividend mandate documents with their banks and…
- 1 Oct 2025
Ogbonna, Access Bank CEO Buys $20m Mansion in London
Roosevelt Ogbonna, chief executive officer of Access Bank Plc, has reportedly bought a mansion for £15 million ($20 million) on a street in London’s Hampstead neighbourhood nicknamed Billionaires’…
- 3 Feb 2026
FG Signs MoU with ICAN, CIBN, Others to Train 10m Nigerians in Financial Literacy
The Federal Government of Nigeria has flagged off a free nationwide training of 10 million Nigerians on financial inclusion and literacy. This is just as Vice-President Kashim Shettima has said…
- 30 Apr 2018
CBN to Sack Banks’ CEOs, Others over Delayed Accounts
Any bank which fails to publish its annual account 12 months after the financial year end will have its chief executive sacked, Godwin Emefiele, governor, Central Bank of Nigeria (CBN) has said.…
- 19 Nov 2021
Emefiele to Provide Economic Insight into 2022 @ the 56th Annual Bankers Dinner
The Chartered Institute of Bankers of Nigeria has concluded arrangement to host the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele at the 56th Annual Bankers Dinner on Friday,…