The Central Bank of Nigeria (CBN) has warned financial institutions of severe penalties if they fail to address the ongoing cash scarcity at Automated Teller Machines...
The Federal Competition and Consumer Protection Commission (FCCPC) has warned banks in the country that the service disruptions which have stopped customers from transacting or having...
Bankers and banks across the country have been directed to comply with the strike order issued by the Nigerian Labour Congress (NLC) and Trade Union Congress...
The Economic and Financial Crimes Commission (EFCC) has urged compliance officers of banks across the country to refrain from disclosing unauthorized information about EFCC’s investigation activities...
The Central Bank of Nigeria (CBN), led by Governor Olayemi Cardoso, is actively investigating irregular foreign exchange transactions and forward contracts valued at approximately $2.4 billion....
Nigerian banks and telecommunications companies are grappling with significant internet disruptions following damage to key international undersea cables. Naija News reports that the disruptions, which began...
One security officer and one civilian were killed as gunmen attacked two commercial banks in Anyigba, Dekina Local Government Area of Kogi State. According to a...
The House of Representatives will probe banks and financial institutions in the country for failing to comply with Central Bank of Nigeria (CBN) regulations on Net...
The lower chamber of the National Assembly, the House of Representatives, has decided to inquire into the excessive fees imposed by Point of Sale (POS) for...
The Inspector General of Police, Kayode Egbetokun, has alerted financial institutions and business owners in Nigeria to protect their databases from impending attacks by hackers. The...
The Government of Ekiti State has sealed the premises of four second-generation banks in Ado Ekiti, the capital city. Naija News understands that the action was...
There was panic in Ikere-Ekiti, Ekiti State following armed robbery attacks on multiple commercial banks in the town. It was gathered that the armed robbers, who...
The Central Bank of Nigeria (CBN) has debunked reports suggesting that some Nigerian banks failed to meet the capital adequacy ratio. Naija News recalls that an...
Fintech giant Opay has reacted to the recent directive issued by the Nigeria Inter-Bank Settlement System (NIBSS), ordering banks in the country to take down every...
President Bola Tinubu has backed the Central Bank of Nigeria (CBN) on the plan to increase the capital base of commercial banks in the country. Recall...
Despite moves by the Central Bank of Nigeria (CBN) to formally extend the validity of the old naira notes, reports of scarcity have emerged across the...
Telecommunication companies in the country have threatened to take legal action against banks over N120 billion Unstructured Supplementary Service Data (USSD) debt owed by banks. Naija...
The Central Bank of Nigeria (CBN) has released a guide on how and where bank customers can lodge a complaint against any Financial Institutions regulated by...
Financial Institutions Training Centre (FITC) has revealed that Nigerian citizens operating different bank accounts were at a loss to the tune of N472 million in the...
Despite efforts by the Central Bank of Nigeria (CBN) to pump more money into society to curtail the naira scarcity, financial experts have urged Nigerians to...