Banks

Onitsha and Nnewi, the commercial and industrial nerves of Anambra State, respectively, were grounded on Tuesday, as traders and businesses, including banks, closed shops to observe the…

Businesses, including banks and schools, opened on Monday as the sit-at-home order by the indigenous Peoples of Biafra(IPOB) eased off in Imo State one month after. Our…

The Economic and Financial Crimes Commission (EFCC) has warned banks against selling foreign exchange (FX) to customers with no intention of travelling outside the country.…

Hundreds of people have fallen victim to dubious investment syndicates promising high returns on money invested, with some of the operators arrested by the police, reports…

When Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele assumed office on June 4, 2014, he pledged to run a people-oriented central bank. Twice he has led the…

The Central Bank of Nigeria has directed commercial banks to create mobile applications and alert systems to update customers of their foreign exchange movement. This…

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate foreign exchange (FX) demands. This…

The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators…

The Central Bank of Nigeria (CBN) yesterday released a total of $200 million to all commercial banks in the country as part of efforts to meet dollar demand…

The Central Bank of Nigeria has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision. A…

President Muhammadu Buhari on Monday thanked individuals, groups and organisations that have so far contributed funds and materials in support of the campaign against the coronavirus…

The Proprietor of  Xontec Hotel on Igosun Road, Offa, in the Offa Local Government Area of Kwara State, Mr. Kadir Surajudeen, and members of his staff have been arraigned before a Magistrate’s Court in Ilorin, the state capital, for…

Jones Onyereri, chairman of the house of representatives committee on banking and currency, says banks may pay as high as N20 million per day as fine for infractions like insider abuse. Speaking to TheCable on the sidelines of the…

A total of 17,193 point of sales terminals were registered by banks for cashless transactions across the country in the first three months of the year. This brings the total number of registered PoS terminals in the country to 199,999 as…

Femi Falana, human rights activist, says the level of corruption in some banks and churches is higher than what obtains in some agencies of government. According to NAN, Falana made the remark at the 2018 edition of the Vanguard…

The police say they have arrested 12 of the suspects involved in the robbery in some banks at Offa, Kwara state, last week. Jimoh Moshood, police spokesman, said phones, SIM cards and Ipads of robbery victims were among the…

An alleged Closed Circuit Television footage of the Offa Bank Robbery in Offa, Kwara State, has surfaced on the internet. On Thursday last week, gunmen numbering about 30 had stormed the town and engaged in a robbery operation that was…

Shares, financing and banking were the three top economic activities that attracted the bulk of the $47.45 billion foreign exchange inflow to Nigeria in the last four years. Data from the National Bureau of Statistics (NBS) show that…

The Chief Imam of Ijagbo, Muftau Jamiu, has narrated to reporters on how his brother was among the victims of the shootings at the Offa Bank robberythat took place in the town on Thursday. The death of his brother identified as Alawunde…

Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, according to the apex bank’s half year report on financial sector performances released yesterday. The 2017 half-year Financial Markets Activity…