Since the announcement of cash limit,withdrawals, deadline and redesign of naira notes, the figure of Nigerians doing online transactions has increased. Nigerians have faced severe cash shortages in recent weeks as a result of the Central Bank’s decision to redesign…
The United Kingdom (UK) Foreign, Commonwealth & Development Office (FCDO), has warned its citizens in Nigeria to avoid visiting banks and Automated Teller Machines (ATMs) in the country. The office gave the warning in its latest travel advisory released on…
…Desist from rejection of old notes or face prosecution — Sanwo-Olu …As Lagos joins other States in suit challenging FG …Adeleke warns commercial banks against hoarding new naira notes …We’ll deal decisively with businesses rejecting old notes — Gov Abiodun…
Residents of Ondo State were on Wednesday stunned when banks in the state shut their doors against customers who had thronged the branch to make transactions. While monitoring the situation in the state, Newsmen gathered that the branches of Zenith…
…Branch managers lament new note supply shortage …Banks scant of cash deposit …EFCC arrests operations manager of bank for hoarding N29m …CBN threatens Sterling Bank for allegedly hoarding new Naira notes …Mans State branches with heavy security presence …Court stops…
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…
By Ogaga Ariemu President Muhammadu Buhari has said some banks are simply inefficient and selfish as Nigerians continue to suffer from the currency crisis. Buhari made this disclosure on Friday in a statement by Garba Shehu, the Senior Special Assistant…
The maximum lending rate for Nigerian banks rose to 29.13 per cent in December 2022 from 28.14 per cent recorded in the previous month and 27.58 per cent in the corresponding period of 2021. Lending rates increased on the back…
The NGX banking index grew by 0.25 per cent to close the week at 399.15 points, up from 398.16 last week. The market capitalisation of the top five banks in Nigeria, which are FBNH, UBA, GTCO, Access holding, Zenith Bank…
