CBN scraps free ATM withdrawals for other banks’ customers
The Central Bank of Nigeria has eliminated the three free monthly withdrawals previously allowed for customers using other banks’ ATMs. In a circular dated February...
Category : Banking and finance
Cool Financial Sues FCMB Over N150 Million Withdrawal From Frozen Account
Cool Financial Services, a Lagos State-based finance house, has sued First City Monument Bank (FCMB) for allowing Goewe and Sons Ltd., one of its borrowers,...
Fidelity Bank Fined N555.8m By NDPC For Data Breach
The National Data Protection Commission (NDPC) has imposed a hefty fine of N555.8 million on Fidelity Bank for violating its customers’ data privacy. This was...
FirstBank’s internal power struggle: Court orders FBN Holdings to suspend August 22 AGM over boardroom dispute
The Federal High Court sitting in Lagos has restrained FBN Holdings Plc from holding, conducting or hosting its 12th Annual General meeting scheduled for August...
Capital Crisis: Union Bank’s N51.9Bn Deficit Raises Concerns Among Investors
Investors are growing increasingly concerned about Union Bank’s ability to meet the minimum capital requirements for a national banking license. With a paid-up share capital...
Unity Bank And Providus Bank To Merge
Unity Bank Plc and Providus Bank Limited are set to merge after the Central Bank of Nigeria (CBN) granted the duo permission to forge...
Why CBN insists on another recapitalisation — Cardoso
LAGOS — The Central Bank of Nigeria, CBN, insisted weekend that further capitalisation of banks in the country was for the common good of the...
Polaris Bank Partners NCF on Land Restoration, Tree Planting
In pursuit of its Corporate Social Responsibilities (CSR), Polaris Bank Limited, is partnering the Nigeria Conservation Foundation (NCF), on land restoration through tree planting initiative....
CBN sacks 200 staff members
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties. This is an addition to the long...
OPay, Moniepoint, others to resume new customer enrollments soon – CBN
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume enrolling...