30 results
- 6 Jul 2026
GBB Engages Banks, Fintechs on Digital Trust, Regulatory Compliance
Galaxy Backbone (GBB) has engaged banks, fintech firms and other technology stakeholders in fresh discussions on strengthening digital trust, regulatory compliance and secure digital infrastructure…
- 26 Dec 2025
Ecobank Guarantees Seamless Digital Banking Services Throughout the Christmas and Year-End Period
Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and…
- 17 Jan 2018
Court Adjourns Hearing of BVN Suit to March 1
The Federal Government on Tuesday requested for an adjournment over suit challenging its forfeiture order it secured from a Federal High Court in Abuja, to take over of monies not linked to Bank…
- 17 May 2010
Software: Banks Spend $16m on Licensing Fee Annually
Banks in the country spend some $16 million annually as licensing fees for the core banking applications used to process transactions, Nigeria CommunicationsWeek can now reveal. Core banking…
- 5 Feb 2019
Banking Services Experiencing Disruptions - Agbaje
Mr Segun Agbaje, Chief Executive Officer, Guarantee Trust Bank on Tuesday said that there was a fundamental shift in the creation and use of financial services in the country. He said this…
- 3 Jan 2025
Court Freezes 21 Bank Accounts, Orders Holders’ Arrest over Alleged Money Laundering
Justice Emeka Nwite of the Federal High Court, Abuja, on Friday, ordered the temporary freezing of 21 bank accounts domiciled in some commercial banks in the country. He also ordered the arrest of…
- 23 Mar 2009
UBA, Four Others Implement Basel 11
Five banks in Nigeria have started the process of implementing Basel 11 risk management system, a move that will restore customers confidence Nigeria CommunicationsWeek can now reveal. Basel II is…
- 7 Oct 2025
FG-backed mortgage reforms help over 700 Nigerians become homeowners in 6 months
More than 700 Nigerians have successfully transitioned from renters to homeowners within six months, following the implementation of landmark mortgage reforms spearheaded by the Federal Government…
- 9 Feb 2026
NDIC Says No Customer Loses Deposits in Failed Banks
Nigeria Insurance Deposit Corporation (NDIC) has guaranteed customers of insured commercial banks prompt recovery of their deposits in the event of risk liability or liquidation. In addition, the…
- 24 Sept 2013
CBN to Contribute N50Bn to AMCON Sinking Fund
Jones Onyereri, chairman, House of Representatives Committee on Banking and Currency, said the Central Bank of Nigeria (CBN) would contribute N50 billion to the Assets Management Corporation…
- 31 May 2017
GTBank Launches GTWorld with Biometric Authentication
Guaranty Trust Bank has launched GTWorld, a mobile banking app that is designed to cater to all that’s important to customers easily and seamlessly. Built on the back of the bank’s customer-centric…
- 18 Jan 2010
4,000 ATMs not EMV Compliant
A total of 3,908 Automated Teller Machines (ATM) deployed by banks and merchants across the country are yet to be upgraded to Europay MasterCard and Visa (EMV) standard, Nigeria Communications-Week…
- 29 Jun 2023
NDPC to Probes Gtbank, Zenith, Fidelity, Unity Bank others Over Data Breach
Nigeria Data Protection Commission (NDPC) says it is investigating three banks, a university and other suspects over alleged data breach, according to NAN report. A data breach is an unauthorised…
- 13 Jul 2016
Zenith, UBA, Other Mobile Banking Apps Gain Momentum- Study
A new study has revealed that at last the mobile banking sector appears to be gaining momentum, Nigeria CommunicationsWeek can report. United Bank for Africa (UBA) Plc, Zenith Bank Plc, First Bank of…
- 12 Oct 2015
GTB Partners AFD for Long Term Financing of SMEs in Nigeria
Guaranty Trust Bank plc, foremost African financial institution, has partnered with Agence Française de Développement (AFD) to launch the N3 Billion Ariz Portfolio Guarantee Scheme, an initiative…
- 23 Feb 2018
$1.2bn Debt: 20m 9mobile Subscribers May Be Cut Off
Some 20 million Nigerians who are subscribers of 9mobile (formerly Etisalat) may be cut off in 2022 as a result of the complications arising from the $1.2 billion loan default by the telco to a…
- 23 May 2021
Customers Bleed Under Burden of Charges as Banks Post N933Bn Profit
12 commercial banks had jointly pulled in N933.16 billion in profits and made N216.52 billion from charges on electronic transactions, as customers continue to complain of excessive fees that they…
- 5 Nov 2016
NIBSS Partners Etisalat, Others to Unveil mCash Payment Solution
In furtherance of the financial inclusion vision of the Central Bank of Nigeria, the Nigeria Inter-Bank Settlement System(NIBSS) in partnership with several banks and four GSM operators, has unveiled…
- 5 Jun 2017
GTBank to Release GTWorld API to Developers
Guaranty Trust Bank Plc, has declared interest to release the Application Programming Interface (API) of its flagship GTWorld to third-party developers by next month. In the app development…
- 20 Jun 2014
Web Jurist Gives Verdict on Telecos, Other Websites
Phillips Consulting Limited established a barometer for measuring the effectiveness of web sites called Web Jurist. Now, in its 12th year (v12.0), the Web Jurist panelists passed verdict on the…
- 3 Feb 2019
CBN, CPC Look Elsewhere as Banks Milk Nigerians through ATMs
Stephen Ubimago, law editor at the Independent newspapers has asked the Central Bank of Nigerian (CBN) and the Consumer Protection Council of Nigeria (CPC) to act and stop needless extortion of ATM…
- 29 Apr 2026
Fidelity Bank "Basking in Approval" under Onyeali-Ikpe, CEO
Fidelity Bank Plc is basking in endless and stakeholders are happy. Dr. Nneka Onyeali-Ikpe, managing director and chief executive officer, Fidelity Bank Plc With nearly 10 million customers, Fidelity…
- 3 Jun 2022
African Guarantee, AfDB Empower Youth MSMEs in Nigeria
The African Guarantee Fund for Small and Medium-sized Enterprises, with the support of the African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, has launched a…
- 30 Aug 2019
CBN Orders Banks to Exchange Bad Naira Notes for New Ones on Monday
The Central Bank of Nigeria (CBN), has told Nigerians to take all their torn and mutilated Naira notes to the banks on Monday in exchange for clean naira notes. The deadline for such exchange…
- 20 Dec 2012
ATM Fraud Declines, Another Scam Rises
Mr. Emmanuel Obaigbona, chairman, Nigerian e-Fraud Forum, NeFF, has said that fraudulent transactions through the Automated Teller Machines (ATMs) have been reduced by 99 per cent within the last one…
- 22 Jun 2015
Customers Besiege Banks for BVN Exercise Few Days to Deadline
Many bank customers in Makurdi on Monday besieged their banks to collect their Bank Verification Number (BVN) a week to the deadline of the exercise. The News Agency of Nigeria (NAN) reported that…
- 5 Mar 2020
Banks to Start Charges on Deposits, Withdrawals above N500,000 on April 1
Central Bank of Nigeria (CBN) will commence nationwide implementation of its cashless policy mandating Nigerians to pay fees on withdrawals and deposits above N500,000 on April 1 The implementation…
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 20 May 2021
Asia Alliance Bank Selects ICS BANKS Islamic Banking from ICSFS
Asia Alliance Bank, multi-awards winning bank – recently awarded “The Best Bank for SMEs in Uzbekistan” by Asiamoney, and one of the leading banks in Uzbekistan, has selected ICS BANKS Islamic…
- 29 Oct 2024
Senate Passes NDIC Bill To Stabilise Financial Institutions
The Senate on Tuesday passed for third and final reading, a bill meant to strengthen the capacity of the Nigeria Deposit Insurance Corporation (NDIC)’s capacity to safeguard bank depositors’ funds,…