Tag: banks

Top 5 Stories Of The Day | Oil Marketers Claim Dangote’s ₦950/litre Fuel Might Justify More Importation

Oil Marketers claim Dangote's ₦950/litre fuel might justify more importation Tinubu announces Disaster Relief Fund for Borno flood victims Inflation reduces for the second month in a row jAMB works…

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Old naira notes are no longer legal tender – CBN warns Nigerians, Banks

Despite the Supreme Court's decision prohibiting the apex bank from enforcing the February 10 expiration date for the old N200, N500, and N1,000 notes, the Central Bank of Nigeria has…

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Atiku cancels Rivers rally, cites insecurity; Banks, fuel stations reject old notes, disobey S’Court ruling | 5 Things That Should Matter Today

Atiku cancels Rivers rally, cites insecurity Banks, fuel stations reject old notes, disobey S'Court ruling Fani-Kayode to be questioned again by DSS over coup tweet My government will invest $10…

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Banks will accept old notes after deadline – Emefiele

Godwin Emefiele, governor of the Central Bank of Nigeria, informed the House of Representatives on Tuesday that commercial banks in Nigeria will continue to accept old naira bills from customers…

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Banks hoarding new notes to give politicians during elections – Shehu Sani

Former lawmaker, Senator Shehu Sani has alleged that banks are hoarding the redesigned Naira notes for politicians in the February elections. There has been outrage across the country over the…

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APC explains Osibanjo’s absence at Tinubu rallies; FG denies fuel pump price hike as scarcity persists | 5 Things That Should Matter Today

APC explains Osibanjo's absence at Tinubu rallies FG denies fuel pump price hike as scarcity persists Wike clarifies Peter Obi ‘endorsement’ Banks to pay N1m daily for failing to collect…

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I am Igbo ticket to presidency – Atiku; Banks unable to meet surging demand for new naira | 5 Things That Should Matter Today

I am Igbo ticket to presidency - AtikuBanks unable to meet surging demand for new nairaEFCC recovers over N30 billion from suspended AGF83,000 Boko Haram fighters surrenderEFCC keeping tabs on…

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Banks update ATMs, new naira goes into circulation today; Tinubu won’t attend debate designed to embarrass him – APC | 5 Things That Should Matter Today

Banks update ATMs, new naira goes into circulation todayTinubu won’t attend debate designed to embarrass him - APCLP postpones Ekiti, Ondo campaign due to "unusual circumstances"FG approves new whistleblower bill,…

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Naira redesign: CBN instructs banks to open on Saturdays

The Central Bank of Nigeria has directed that commercial banks in the country remain open on Saturdays until January 31, 2023, in order to allow customers to return existing naira…

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Stamp duties

Banks are defying a court order to illegally collect stamp duties from customers

April 21, 2016 the court of appeal Lagos division under the lordship of Justice Ibrahim Saulawa and four other Justices gave a judgement in an appeal filed by standard chartered…

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We didn’t collude with banks to prevent remittance of funds into the TSA – NNPC

The Nigerian National Petroleum Corporation (NNPC) has denied the report that it was aware that some banks did not remit funds into the treasury single accounts (TSA) as directed by…

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How corrupt officials are diverting loots to accounts without BVN – EFCC

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC) had said some banks are aiding corrupt officials to run accounts without Bank Verification Numbers. Magu said this on…

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Reps have not directed banks to unfreeze Jonathan’s accounts – Gbajabiamila

Majority leader of the House of Representatives, Femi Gbajabiamila has said the lower chamber has not ordered banks to unblock the accounts of former First Lady, Patience Jonathan. What happened:…

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N31 million ransom for Igbonla six, $793.2 million illegal cash in banks | The 5 numbers that mattered this week

1.2 million - The National Examination Council (NECO) said out of the 7,410,030 candidates that sat for the Senior School Certificate Examination between 2010 and 2016, a total of 1,283,485…

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Visa and leading banks bring mobile payments to Nigeria

Global payments leader Visa has launched mVisa, its innovative mobile payment service, in Nigeria. The solution is being rolled out across Africa. Consumers from Visa’s Nigerian partner banks can pay…

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9Mobile and Banks: Should we be worried about our money?

by Alexander O. Onukwue N541bn: That was the amount owed by Etisalat Nigeria to ten commercial banks who were involved in the company’s debts. Following the reasoning of Iroko TV…

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Recover N536bn unremitted funds within 7 days, Senate orders CBN

The Senate on Tuesday asked the Central Bank of Nigeria to recover monies collected by banks on behalf of Nigeria Customs Service but unremitted within seven days. The order was…

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Robbers loot 3 banks, kill 4 policemen in Osun

Armed Robbers on Tuesday attacked three commercial banks and killed four policemen in Iwo, Osun State, Punch reports. The robbers reportedly destroyed the bullet-proof door of one of the banks with…

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Banks involved in transfer of stolen funds should be made to face consequences – Osinbajo

Acting President Yemi Osinbajo has called for the prosecution of international banking institutions aiding the laundering of stolen funds from the country. Osinbajo said the transfer of illicit funds abroad…

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I am confident presidency will sign 2017 budget soon – Saraki

Senate President Bukola Saraki has said Nigerians should not be apprehensive whether the Presidency will sign the 2017 budget or not. In an interview with journalists in Ilorin, the Kwara…

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BREAKING: 3 Nigerian banks set to take over Etisalat over N541.8bn loan

by Dolapo Adelana Three Nigerian banks are set to take over telecommunications firm, Etisalat over its failure to pay a N541.8bn loan facility. According to online news medium Premium Times the…

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I am not indebted to any commercial bank – Stella Oduah

by Azeez Adeniyi Senator Stella Oduah has said allegations that she is indebted to some commercial banks are untrue. A Federal High Court in Lagos had on Wednesday restricted Oduah…

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‘Muslim Brotherhood’ planning massive attacks on banks, prisons, FG raises alarm

The Federal Government on Friday raised an alarm that the Muslim Brotherhood, an affiliate to Boko Haram is planning to attack banks and prisons across the country. In a statement…

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Opinion: Can Finweb become the jet engine for small businesses in Nigeria?

by Ade Olabode If you’re a small business data junkie, then chances are you’ve heard of finweb. For the uninitiated, I know you’re thinking ‘finweb’ — yet another buzzword invented by some…

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Cheta Nwanze: Nigerian banks should be held for murder

by Cheta Nwanze This tweet, a few months ago, brought home to me, just how horrible Nigerian banks, and/or their staff, could be. Bank account details, are pieces of information…

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Oil importers, banks defrauded the govt – Buhari

President Muhammadu Buhari has said oil importers colluded with banks over the years to defraud the government. Buhari said this while speaking about the oil subsidy and corruption during an interactive…

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Opinion: What’s behind Africa’s growing love for digital finance?

by Calvin Ebun-Amu 2007, Kenya’s dominant cellular provider, Safaricom, launched M-Pesa. The service allowed users to send and receive digital payments anywhere in the country as easy as sending a…

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Sanusi replies Falana, says he is ready for probe

A former governor of the Central Bank of Nigeria, Lamido Sanusi says he is ready for his time as head of the bank to be probed, Premium Times reports. It would be…

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Magu confirms EFCC is investigating Patience Jonathan

The Chairman of the Economics and Financial Crimes Commission (EFCC) has confirmed that the anti-graft agency is investigating former first lady, Patience Jonathan, The Punch reports. Magu made the assertion in Lagos on…

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