Banking & Finance
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CBN directs Nigerian Banks to dishonour Old Cheques from January 2021
Nigerian banks migrate to new cheque standards, old ones expire 31 Dec. The new cheques with new standards effective 1…
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Wike sacks RIMA MD Ipalibo Sogules, two others over alleged fraud
The Managing Director of the State owned Micro Finance Bank, Ipalibo Sogules and two others have been sacked over alleged…
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CBN, Bankers’ Committee suspend mass sack in Banks
Following outcries from citizens over the planned retrenchment of workers in the banking sector, the Central Bank of Nigeria and…
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Access Bank to shutdown Ikoku, Trans Amadi, UNIPORT, UST, Over 300 branches
One of the leading financial institution in Nigeria has announced that it will shutdown 346 branches nationwide. This according to…
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EU gives Nigeria €50 million (N21 billion) to fight COVID-19
The European Union (EU) has given a grant to Nigeria to assist in the fight against the coronavirus. Disclosing this…
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COVID-19: Union Bank shuts down operations
Union Bank of Nigeria has directed its staff to work from home over the COVID-19 pandemic. Announcing the shut down…
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Stanbic IBTC introduces new feature on paycode
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to…
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CIBN to enhance digital banking
The Chartered Institute of Bankers of Nigeria (CIBN) is poised to enhance digital banking and financial inclusion for robust economic…
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NFIU warns banks, state govts not to tamper with LG funds
The Nigerian Financial Intelligence Unit has restated its warning to banks to ensure that local government funds are not tampered…
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Simple steps to take if ATM does not dispense cash
It is a rare occurrence, but a very frustrating one: When bank customers use an Automated Teller Machine to make…
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