The dispute over USSD charges has brought to the fore how banks and telecommunications companies (telcos) have been dipping into customers’ wallets through needless and exorbitant surcharges. According to a …
Banks
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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 over N120billion debt owed by Deposit…
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BusinessNews
Hurray…or maybe… as CBN empties vaults, orders banks to work on Saturdays and Sundays to meet cash needs
by Adminby AdminThis weekend may see an end to the cash needs of lamenting Nigerians as the Central Bank of Nigeria (CBN) claims it has emptied its vaults of old Naira notes…
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BusinessNews
At last, CBN obeys Supreme Court order, directs banks to receive old N200, N500, N1000 notes
by Adminby AdminAs first disclosed by former Central Bank of Nigeria (CBN) governor and sitting Governor of Anambra State, Prof Charles Soludo , the CBN has directed commercial banks to begin to…
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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) for the National Health Insurance…
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News
EFCC silent on consequences for banks that ‘stole’ NHIS’ N3b, but not so for 45 others
by Adminby AdminNearly N3 billion has been credited to the coffers of the National Health Insurance Scheme in the two months of February and August, this year, information from the Economic and…
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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 withdrawal from their bank…
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Business
Customers swell Zenith, GTBank, UBA revenue by N42.95bn from account maintenance fees
by editorby editorLeading banks in the country, Zenith Bank Plc, Guaranty Trust Bank plc (GTBank) and United Bank of Africa (UBA) Plc altogether earned a total N42.95 billion as account maintenance fee…
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News
How FG, with banks, are providing off-grid power supply to 25 million Nigerians
by editorby editorBy Laolu Akande,Senior Special Assistant to the President on Media & Publicity, Office of the Vice President Designed to boost ongoing efforts to fix Nigeria’s energy supply challenge, the 5 million…
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BusinessNews
Sanity prevails as FG backs down, apologises over call for re-registration in banks, others
by editorby editorAfter a few hours of mad reactions from Nigerians over a directive for all account holders to go through the rigours of re-registering their personal details with banks, just a…