30 results
- 28 Mar 2024
VFD Group Proposes SplitXchange for Financing Nigeria’s Creative Industry
VFD Group Plc has proposed the introduction of a specialized Exchange that would address the issue of financing in Nigeria’s entertainment and creative industries to bolster foreign exchange earnings…
- 28 Sept 2021
Heritage Bank MD Tasks Govt on Policies to Support Private Sector Interventions for Infrastructure Growth
Ifie Sekibo, MD/CEO of Heritage Bank Plc, has called on governments to provide enabling policies that would support private sector interventions to achieve the vision of infrastructural development.…
- 21 Sept 2025
LBS Described Digital Transformation in Banking, Others as Fueling Nigeria’s Economic Evolution
The Lagos Business School (LBS) has described digital transformation in banking, finance, and taxation as “an interconnected force” fuelling Nigeria’s economic evolution. The Dean, Lagos Business…
- 18 Oct 2021
Heritage Bank Blazes the Trail by Winning Multiple Awards
Heritage Bank Plc, Nigeria's Most Innovative Banking Service provider emerged winner in several categories at the 2021 Human Resource (HR) People Magazine Awards and at the Finance Correspondents…
- 11 Dec 2019
NDIC Warns Operators against Disclosing Customers’ Financial Data
Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission. Dr Kabir Katata,…
- 18 Sept 2016
Fidelity Bank MD Explains Why Banks don’t Give Long Term Loans
Mr. Nnamdi Okonkwo, managing director, Fidelity Bank Plc, has said that the inability of commercial banks to give long-term credit facilities is due to the non-availability of long-term-deposits by…
- 30 Sept 2024
BOI Urges FG to Boost Production to Achieve $1tn Economy
The Bank of Industry has emphasised that Nigeria must enhance its production capacity to achieve a one trillion-dollar economy by 2026. Isa Omagu, the Divisional Head of Services, BoI, stated this on…
- 23 Oct 2015
CBN to License Super Mobile Money Agents
Central Bank of Nigeria (CBN), has disclosed that a framework to license super agents mobile money operators is on its final stage. However, three major telecommunications firm in the country have…
- 26 Sept 2021
CBN says Nigeria’s Infrastructure must Improve by 5% Annually to Boost Productivity
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele has disclosed that the country’s infrastructure has to improve by at least between 5 to 7 per cent for it to stimulate productivity and…
- 7 Nov 2021
NDIC Urges Customers to Petition Banks’ Excess Charges
Nigerian Deposit Insurance Corporation (NDIC), has asked customers who discover that they have been overcharged on their accounts by the banks as account and card maintenance charges among others to…
- 26 Sept 2024
BVN Enabled Us in Timely Payment of 85 Percent of Heritage Bank Depositors — NDIC
Mr Bello Hassan, managing director/CEO, Nigeria Deposit Insurance Corporation (NDIC), has said that the use of Bank Verification Numbers (BVN) facilitated the successful reimbursement of 84.98 per…
- 4 Oct 2013
DMO Says Demos tic Market Has Increased Forex Inflow
Debt Management Office (DMO) on Friday said that its domestic debt market initiative had helped to increase inflow of foreign exchange. It said that this had also contributed to the growth of…
- 31 Dec 2019
Mobile Money Subscribers Hit 9.25m in 6 Months
The number of subscribers to the 23 Mobile Money Operators (MMOs) in the country stood at 9.25million as at the first half of this year, Alhaji Umaru Ibrahim, managing director and chief executive of…
- 23 Feb 2020
NDIC Liquidates 425 Banks in 22 Years
Nigeria Deposit Insurance Corporation (NDIC) at the weekend said it participated in the liquidation processes of 425 financial institutions in the country since it was established in 1988. A…
- 9 Nov 2025
CBN’s $1 Trn Mirage: Why Nigeria’s Real Sector Holds the Missing Key
By Blaise Udunze When the Central Bank of Nigeria (CBN) recently declared that the country was on course to becoming a $1 trillion economy through ongoing banking reforms, the statement was met with…
- 2 Oct 2018
NDIC Paid N11.5bn to Depositors of Financial Institutions in 2017
Umaru Ibrahim, Managing Director and Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), has revealed that about N11.50 billion has been paid to financial institutions. The payment, he…
- 22 Oct 2020
CBN Refunds N2.7Bn to Customers, Resolves 1,519 Complaints
Central Bank of Nigeria (CBN) refunded N2.7 billion to the customers and resolved 1,519 banks’ transaction complaints from January to June this year. Mr Haruna Mustafa of the Consumer Protection…
- 22 Jun 2009
ABCOF Registers 8,000 Societies in FCT
Abuja Cooperative Federation (ABCOF) has registered over 8,000 Cooperative Societies of different economic backgrounds in the Federal Capital Territory Abuja (FCTA) out of which number, 46 percent…
- 1 Jul 2018
CBN Mandates Banks to Resolve USSD Complaints in 3 Days USSD
The Central Bank of Nigeria (CBN), over the weekend directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. Mr.…
- 2 Jul 2018
CBN Recovers N60Bn from Banks as Illegal Charges
Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department.…
- 29 Sept 2024
NDIC Adpots NIBSS to Pay Heritage Bank Depositors, List Steps to Claim Trapped Funds
Nigeria Deposit Insurance Corporation (NDIC) has announced the adoption of the Nigeria Inter-Bank Settlement System (NIBSS) for payment of insured depositors of the defunct Heritage Bank, citing…
- 1 Jul 2018
CBN Orders Banks to Settle USSD Disputes in 3 Days
Central Bank of Nigeria (CBN), has directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days. USSD, is a…
- 30 Sept 2019
Adequate, Credible ID Management will Foster Access to Credit - Heritage Bank Boss
Mr Ifie Sekibo, managing director /ceo, Heritage Bank has stressed the need for the federal government to work towards creating a credible and strong identity management towards expanding access to…
- 29 Mar 2014
CSCS Boss Urges Investors to Choose Credible Portfolio Managers
Kyari Bukar, chief executive officer, Central Securities Clearing System (CSCS) has advised investors to be savvy in choosing their portfolio managers to ensure their resources are entrusted in…
- 29 Nov 2023
NDIC Mulls Increase of Insurance Coverage Payment to Depositors Of DMBs, MFBs, PMIs
Depositors of liquidated Deposit Money Banks ( DMBs), Primary Mortgage Institutions ( PMIs), and Microfinance Banks ( MFBs) are to, enjoy a new threshold of maximum deposit insurance coverage…
- News19 Aug 2026
FG Gets New $1.25Bn World Bank Loan Boost Job Creation
Federal Executive Council (FEC) has approved a $1.25 billion financing facility from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) to support Nigeria’s actions for investment and job acceleration development policy financing.
- 29 Aug 2024
FintechNGR, Africa Fintech Network Call for Enhanced Collaboration and Innovation on Cross-Border Payments and Remittances
In a continued effort to drive innovation and collaboration within the fintech sector, the Fintech Association of Nigeria (FintechNGR), in partnership with the Africa Fintech Network (AFN), hosted an…
- 19 Feb 2024
Fuel Scarcity Looms as Tanker Owners Withdraw Vehicles Today
Tanker owners have said they will halt the transportation of petroleum products starting today, raising the fear of another fuel scarcity crisis in the country. Speaking under the aegis of the…
- 17 Jul 2018
ALTON Fumes as Rivers Seals 9mobile Office
The Association of Licensed Telecommunication Operators of Nigeria (ALTON), has decried the unilateral closure of 9mobile Port Harcourt Regional Office by officials of Rivers State Internal Revenue…
- 5 Feb 2018
Egmont May Expel NFIU, Blacklist Nigerian Credit Cards
Nigerians may no longer be able to carry out international transactions as Egmont Group is considering expelling the Nigerian Financial Intelligence Unit (NFIU) because of governance issues. …