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Court Hears Banks Linked to 2022 Naira Scarcity — Why No Prosecution?

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By Yemi Oyeyemi, Abuja An Economic and Financial Crimes Commission (EFCC) witness has told the High Court of the Federal Capital Territory in Abuja that...
Business

NRS clears air on VAT and banking fees after confusion over tax act

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The Nigeria Revenue Service (NRS) has rejected claims that the recently enacted Nigeria Tax Act has introduced a new Value Added Tax (VAT) on...
Business

How bank customers are being short-changed through exorbitant charges

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The dispute over USSD charges has brought to the fore how banks and telecommunications companies (telcos) have been dipping into customers' wallets through needless...
Business

Telecom companies, banks and unresolved USSD debts

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By Sonny Aragba-Akpore Despite the hype around financial inclusion which telecommunications regulator, the Nigerian Communications Commission (NCC) puts at 70%, the controversy surrounding the...
Business

Hurray…or maybe… as CBN empties vaults, orders banks to work on Saturdays and Sundays to meet cash needs

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This weekend may see an end to the cash needs of lamenting Nigerians as the Central Bank of Nigeria (CBN) claims it has emptied...
Business

At last, CBN obeys Supreme Court order, directs banks to receive old N200, N500, N1000 notes

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As first disclosed by former Central Bank of Nigeria (CBN) governor and sitting Governor of Anambra State, Prof Charles Soludo , the CBN has...
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EFCC recovers another N900m for NHIS from banks

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Again, EFCC Recovers N900 Million for NHIS The Economic and Financial Crimes Commission, EFCC, has recovered an additional sum of N900,000,000 (Nine Hundred Million Naira)...
News

EFCC silent on consequences for banks that ‘stole’ NHIS’ N3b, but not so for 45 others

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Nearly N3 billion has been credited to the coffers of the National Health Insurance Scheme in the two months of February and August, this...
Business

Bank Fraud: Customer Recounts Ordeal, Over 80% Nigerians Threatened

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Bank Fraud: Customer Recounts Ordeal, Over 80% Nigerians Threatened By insidebusiness.ng Olarewaju Alale is just one out of many Nigerians who have fallen victim to fraudulent...
Business

Customers swell Zenith, GTBank, UBA revenue by N42.95bn from account maintenance fees

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Leading banks in the country, Zenith Bank Plc, Guaranty Trust Bank plc (GTBank) and United Bank of Africa (UBA) Plc altogether earned a total...
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