banks

FG Orders Banks To Issue NIN Cards To Customers

The Federal Government says Nigerians can now request their commercial banks issue them with a debit card that doubles as their national identity card.Prof...

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Banks Burnt As Another Protest Rocks Ogun State Over Naira Scarcity

Again, protest has erupted in Ogun State over the naira scarcity, with videos online showing two banks set on fire in the Sagamu area...

News

CBN Denies Directing Commercial Banks To Collect Old N500, N1,000 Notes

The Central Bank of Nigeria (CBN) has denied reports making the rounds that it has authorized deposit money banks to collect the old N500...

Featured

CBN Orders Commercial Banks To Pay New Naira Notes Over The Counter

The Central Bank of Nigeria (CBN) has directed commercial banks to begin the payment of the new naira notes to customers over the counter.This...

News

A’Ibom residents raise alarm over Banks’ rejection of Old Notes

By Odo Ogenyi, UyoResidents of Akwa Ibom have expressed worry over rejection of the old Naira notes by some commercials banks, few days before...

News

Banks lending rate to customers hits 29.13%

The maximum lending rate in the banking sector hit 29.13 per cent while savings deposit rates was 4.13 per cent as of the end...

News

Banks to Pay N1m Fine Daily over failure to collect New Naira notes – CBN

The Central Bank of Nigeria (CBN) has said that any commercial bank that fails to pick up the new naira notes for distribution will...

Business and Economy

Banks, telcos, passport issuance suffer as NIMC portal breaks down

Thousands of telecommunication subscribers nationwide seeking to retrieve their lost Subscriber Identity Module cards or acquire new lines temporarily have been left stranded, following...

Business and Economy

Perspectives on Banks Borrowing From CBN

By Adefolarin A. OlamilekanThere is clearly beyond doubt consent on Nigerian banks healthiness going by the recent media report of over N489billion borrowed by...

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