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Banks, others Shut as Hunger Protest Holds

Banks and other financial institutions in the country will be closed on Thursday, August 1, 2024, as...

August 1, 2024
CBN Categorises 10-Year Inactive Accounts as Dormant

The Central Bank of Nigeria has clarified that only accounts inactive for more than 10 years will be...

July 29, 2024
Banks to Spend N186bn on IT Infrastructure from offer Proceeds

Three major Nigerian banks, GTCO, Access Holdings, and Fidelity Bank, are planning to allocate a com...

July 24, 2024
Senate Raises Banks' Windfall Levy to 70% *Passes Finance Act Amendment Bill
July 24, 2024

The Nigerian Senate has approved the amendment bill of the 2023 Finance Act and raised the windfall...

Dormant Account Funds Prone to Fraud, Cardoso Warns
July 24, 2024

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has expressed concern that funds in do...

Jaiz Bank Increase Capital Base to N70bn December
July 16, 2024

Jaiz Bank is planning to increase its capital base to N70bn by the end of this year, reaffirming its...

GTB Vs Afex: Court Adjourns Case to June 27
June 21, 2024

The Federal High Court in Lagos has scheduled June 27, 2024, for further proceedings in the contempt...

Afreximbank , CDC Announce $2bn Investment to Enhance Health Sector
June 20, 2024

A new partnership agreement between the African Export-Import Bank and Africa CDC has resulted in th...

Opay, Kuda Implement Strict Guidelines for Opening Accounts
June 4, 2024

The financial technology firms, Kuda Microfinance and OPay, have recommenced the process of onboardi...

CBN Fires 200 Employees
May 25, 2024

The letter read, “The new strategic direction of the bank has been widely publicised. In line with o...

PoS Operators to Charge CAC to Court
May 14, 2024

Point of Sale operators, who are members of the Association of Mobile Money and Bank Agents in Niger...

FG to Ban Naira from Crypto Trading Platforms
May 7, 2024

The Securities and Exchange Commission, on behalf of the Federal Government, is planning to remove t...

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