CBN fines nine banks ₦150m each for ATM cash scarcity
Communication with the banks revealed that the fines would be debited directly from their accounts with the apex bank. In…
CBN directs banks to load ATMs, threatens to sanction banks disbursing cash to naira hawkers
The Central Bank of Nigeria (CBN) has threatened to penalise banks disbursing cash to naira hawkers. The apex has also…
Undersea cable damage causes internet outage in Nigeria, telcos, banks hit
Telecommunications companies and banks in Nigeria have been hit by an internet outage as a result of damage to international…
Banks contributed in destroying Nigeria’s economy, says Yuguda
He further alleged that the banks engage in illegal transactions that even the regulators find difficult to unravel. A former…
Beware, fraudsters have developed new methods to hack bank customers’ account in one click
• Nigerian govt wants customers against new methods of bank fraud and advises them to secure their tokens • NDIC’s,…
BREAKING: Banks start paying Nigerians old 500, 1000 naira notes
Some Deposit Money Banks (DMO) have started issuing out old N500 and N1000 notes to their customers in line with…
Banks set ablaze as naira scarcity protest continues in Ogun
Violent protest rocked Sagamu, Ogun State, on Monday morning as angry youths burnt down branches of Union and Keystone banks…
We will shut down any commercial bank refusing old naira notes — Abiodun
Governor Dapo Abiodun Of Ogun State has said his administration will not hesitate to shut down any commercial bank that…