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Tag Archives: banks

August, 2020

July, 2020

  • 15 July

    We’re Coming For You, Robbers Write Ebonyi Banks

    Some armed robbers have reportedly written to banks in Afikpo town, Afikpo North Local Government Area of Ebonyi State, notifying them of a planned visit to the community. Read Also: Insurgency: Army Officer Who Complained Of Inadequate Weapons To Face Court-martial The Punch said policemen and soldiers in their operational vehicles …

May, 2020

  • 27 May

    IMF Advises Banks To Suspend Paying Shareholders


    The International Monetary Fund (IMF) has advised commercial banks to suspend the payment of shareholders’ dividends during the COVID-19 pandemic. Read Also: Adesina To Step Aside As AfDB President Over Fresh Probe Kristalina Georgieva, the IMF managing director, made the call in an article entitled ‘Halt bank dividends and buybacks now’, …

March, 2020

  • 5 March

    We’ve Paid Depositors Of 18 Failed Banks – NDIC

    The Nigeria Deposit Insurance Corporation (NDIC) has said all depositors, including uninsured ones, of 18 closed banks in the country have been compensated. Read Also: Coronavirus: CDC Warns Men Against Keeping Full Beards Umar Ibrahim, Managing Director of the NDIC, said this on Thursday in Kaduna at the ongoing 41st Kaduna …

February, 2020

  • 25 February

    Senate Investigates Deposit Banks Over Remittance Of Tax Revenues

    The Senate has mandated its Committees on Banking, Insurance and Financial Institutions, and Finance to investigate withholding tax revenues on both bank deposits and dividends. Read Also: IG Disbands Zonal Intervention Squad In Ogun Over Footballer’s Killing This was even as it urged banks and Central Security and Clearing System (CSCS) …

December, 2019

  • 24 December

    Failure To Address Customers’ Complaints Attracts N2m Fine, CBN Tells Banks

    The Central Bank of Nigeria has warned banks that failure to address complaints from depositors will attract a fine of N2m. CBN state this its guidelines on consumer protection, saying besides, adding each week the banks’ refusal to address customer’s complaints within the prescribed timelines would also attract a fine …

  • 12 December

    Banks Refund N76.7bn, $20.9m To Customers – CBN

    The Central Bank of Nigeria has said the amount of money refunded to bank customers as of November 30, 2019, stood at N76.75 billion and 20.90 million dollars. Kofo-Abdulsalam Alada, the Director, Consumer Protection Department of CBN, said this at a workshop for business editors and members of the Finance …

  • 3 December

    Nigerian Banks Sacked 2,929 Workers In Three Months – NBS

    Banks in the country sacked a total of 2,929 workers in the third quarter of 2019, the National Bureau of Statistics has said. The details are contained in a report on Selected Banking Sector Data: Sectoral Breakdown of Credit, ePayment Channels and Staff Strength data posted on the NBS website. …

November, 2019

  • 29 November

    Pay Or Get Disconnected From USSD Service, Telcos Tell Banks

    Zenith Bank

    Telecommunications companies in Nigeria, have said henceforth, banks would have to pay before using the Unstructured Supplementary Service Data (USSD), or be disconnected. The companies, under the aegis of Association of Licensed Telecommunications Operators of Nigeria (ALTON), said they are likely to stop offering the services to financial institutions for …

August, 2019

  • 27 August

    Loan To Be Settled Via Defaulters Other Banks Accounts

    The Central Bank of Nigeria and other lending institutions have agreed to seize the bank savings of customers that borrow money and refuse to pay back. They agreed that the deposits in the customers’ other banks’ accounts should be used to service the unpaid loans. This was part of the …

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