New ATM fees: Customers groan as banks begin implementation
•As SERAP tells Tinubu to direct CBN to suspendfee hike pending court verdict BANKS have commenced implementation of the new ...
Tag: banks
New bank charges: What to know about on-site, off-site ATM withdrawal fees
Withdrawals from ATMs located outside bank branches, such as those in shopping malls and fuel stations (off-site ATMs), will attract ...
Publish details of dormant accounts, unclaimed balances, CBN orders banks
...CBN has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial ...
Liquidity crunch forces Nigerian banks to borrow N1.2trn from CBN in single day
Nigerian Deposit Money Banks (DMBs) made a record single-day withdrawal of ₦1.2 trillion from the Central Bank of Nigeria’s (CBN) ...
‘Customers’ USSD access intact as banks’ settle USSD debt’
ALMOST all e-nine banks earmarked for disconnection from Unstructured Supplementary Service Data (USSD) service over a N160 billion debt have ...
FBN: why banks cannot comply with order lifting restrictions on GHL’s accounts
The enforcement of the Mareva Injunction against General Hydrocarbons Limited (GHL) has encountered a significant setback as First Bank of ...
Banks leading investments to meet $1trn economy target
IT seemed uncertain when in 2023, President Bola Tinubu hinted of his agenda of steering the nation towards attaining $1 ...
Millions of customers risk disconnection as banks race to meet January 27 USSD deadline
Millions of Nigerians may face disruptions in mobile banking services from today, as banks scramble to meet the January 27, ...
POS: Banks implement N100k daily, N500k weekly withdrawal limit
Banks in Nigeria have begun implementing a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale ...
Financial analysts advocate for BVN, technology integration in streamlining banks’ capital raise verification
FINANCIAL analysts have urged the Central Bank of Nigeria (CBN) to leverage technology and Bank Verification Numbers (BVNs) to address ...
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