13 results
- 30 Jan 2022
CBN Amends Operational Guidelines of GSI to Allow Limitless Loan Recovery
Central Bank of Nigeria (CBN) has amended the operational guidelines of the Global Standing Instruction (GSI) to allow for continuous and unrestricted loan recovery by Deposit Money Banks (DMBs) and…
- 27 Nov 2023
CBN Activates GSI, Automatic Debit Orders on Debtors Accounts
Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to begin debiting various loan defaulters as it seeks to build back a better financial system. According to a recent circular…
- 9 Sept 2014
GSI Raises Alarm over Growing Slavery in Nigeria
Nigeria has an estimated number 740,000 people in slavery despite her massive oil reserves and recent plans for rapid socio-economic development, according to Global Slavery Index 2013 which provides…
- 22 Apr 2013
WCO, GSI to Fight Piracy with Online Tool
World Customs Organization and GS1 are to introduce the new mobile version of IPM (Interface Public-Members), the WCO’s online tool serving as an interface between frontline Customs officers and the…
- 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.…
- 12 Jun 2017
NCAA Trains Safety Inspectors on Airworthiness
The Nigerian Civil Aviation Authority (NCAA) has trained 20 Aviation Safety Inspectors (ASI) and endorsed Government Safety Inspectors (GSI) on airworthiness course approved by the International…
- 20 Aug 2020
CIBN Urges Stability of Financial System
The Chartered Institute of Bankers of Nigeria, CIBN, has stressed the need to create stability within the financial system which it said will go a long way in promoting economic prosperity of the…
- 1 Nov 2021
Banks Begin Recovery from Various Accounts of Chronic Debtors
Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of non-performing loans in the industry, findings have revealed. Daily…
- 19 Sept 2016
Accenture Emerges Ist Cloud Managed Service Provider Across Oracle’s Public Cloud
Accenture and Oracle have announced that infrastructure-as-a-service (IaaS) offerings will now be available through the Accenture Oracle Business Group, adding to the already-existing…
- 31 May 2026
Nigerian Banks Under Pressure as Bad Loans Hit 8.03% After CBN Policy Shift
Non-performing loans (NPLs) in Nigeria’s banking sector rose to 8.03 per cent in January 2026, exceeding the Central Bank of Nigeria’s (CBN) prudential threshold of five per cent, following the…
- 4 Mar 2017
PMAN Selects Verve, Unveils Multipurpose Card for Entertainment Industry
Having provided a multifunctional card for University of Ilorin (UNILORIN) in 2014, Verve International is poised to developing an array of identity solutions to address various indigenous challenges…
- 4 Nov 2020
Ecobank Urges More Collaboration Among Fintech, Banks and Telcos
Patrick Akinwuntan, Managing Director, Ecobank Nigeria, has called for a robust collaboration between Fintech, banks, and telecommunications companies to spur markets in health, agriculture,…
- 1 Jun 2009
Pirates Cost Software Industry $132m in Nigeria
The software industry lost a whooping sum of $132 million in Nigeria last year alone due to increasing amount of pirated and counterfeit software being manufactured and distributed overseas,…