30 results
- 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…
- 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.…
- 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…
- 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 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…
- 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…
- 4 Jul 2013
CBN Dangles N200Bn on SMEs, Women
Central Bank of Nigeria (CBN) has set aside N220 billion for on-lending to micro, small and medium scale enterprises (SMEs) across the country as part of efforts to integrate more people into…
- 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…
- 29 Nov 2023
NDIC to Recover N400Bn Debts Owed Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), is prepared to wield the big stick in its ongoing efforts to recover over N400 billion owed by debtors of failed banks which are now in liquidation,…
- 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…
- 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…
- 3 Dec 2013
Depositors Abandon Funds Trapped in Failed Banks
Nigeria Deposit Insurance Corporation (NDIC) has lamented the low level of turn out by depositors of failed banks to collect their insured deposits. Prince Aghatise Erediauwa, executive director,…
- 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.…
- 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,…
- 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…
- 2 May 2023
CBN Says Only 57.4m of Nigeria's 200m People have BVN
Central Bank of Nigeria (CBN) has said that only 57.4 million out of over 200 million Nigerians have Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank Settlement…
- 4 May 2023
Nigeria’s Payment System among Best Globally- eTranzact CEO
Mr Niyi Toluwalope, Chief Executive Officer (CEO) of eTranzact, an electronic and mobile payment solution company, says the Nigerian Payment System is among the best in the world. Toluwalope said…
- 7 May 2023
CBN Watchlists 572 Bank Customers
Central Bank of Nigeria (CBN), said that it placed an e-payment ban on the Biometric Verification Number (BVN), of 572 bank customers for fraud related issues. Adewuyi Adeyemi, deputy director,…
- 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…
- 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…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 19 Oct 2015
Transactions in Mobile Money Transfer Scheme Hits N815.47Bn
Mr Dipo Fatokun, director of Banking and Payment System in the Central Bank of Nigeria (CBN) says about N815.47 billion has been transferred though the Nigerian mobile money system since its…
- 10 Dec 2019
No Signs of Distress in Nigerian Banks – NDIC
Nigeria Deposit Insurance Corporation (NDIC) on Tuesday said the country’s banks remain stable in spite of a negative rating on Nigeria by global credit rating agency, Moody’s. Abdulhameed Aliu, NDIC…
- 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…