The Chartered Institute of Bankers of Nigeria (CIBN) has called for calm and understanding from Nigerians amid the cash scarcity resulting from the naira redesign and cashless policy. They added that stakeholders in the ecosystem are being engaged in addressing…
The Association of Mobile Money and Bank Agents in Nigeria says over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes worsens. The National Chief Aggregating Officer of AMMBAN,…
The Federal Government has raised N742.56 billion sovereign sukuk bond from 2017 to 2022 for the execution of road projects across the country. Director General Debt Management Office, DMO, Ms. Patience Oniha, confirmed the figure on Monday in Abuja at…
Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan has predicted an increase in the number of microfinance banks listed on the National Association of Microfinance Banks Unified Information Technology (NAMBUIT) platform this year. Hassan made the prediction at…
Access Bank has unveiled several discounts and mouth-watering freebies on its retail products and services to celebrate its customers in this season of love. The Valentine season campaign, tagged ‘Love is More,’ runs from Feb. 1 to March 11, 2023.…
Residents of Calabar city in Cross River state, on Monday stormed the various commercial banks in search of cash. Newsmen, who monitored the situation of the ongoing cash crunch in the country, reports that there were long queues at the…
Nigerian banks on Monday denied allegations of fuelling the scarcity of the redesigned naira notes across the country. The Association of Corporate Affairs Managers of Banks, ACAMB, empathized with the public on the hardships consequent upon the rollout of the…
The management of Fidelity Bank Plc has assured customers of cash payment across all its branches nationwide. Head of Corporate Communication of the bank, Dr. Meksley Nwagboh said this in a statement issued by the bank today. He said, “Our…
GTBank takes over Stallion Nigeria assets over N13bn debt Mr. Temilolu Adamolekun, the Receiver/Manager appointed by Guaranty Trust Bank (GTB), has taken possession of the assets of Stallion Nigeria Limited in Lagos and its sister firms. This follows a N13billion…
LOTUS Bank Limited, one of Nigeria’s dynamic Non- Interest Bank (NIB), says it is poised to improve on financial inclusion drive and overall service delivery. Head, Brand Marketing and Communication of LOTUS Bank,Oluremi Akande made the commitment on Thursday, in…
