Customers Groan As Cash-strapped Banks Slash Withdrawal Limits   Amid a surge in demand for more cash by bank customers as the Yuletide season approaches, some Deposit Money Banks have slashed the withdrawal limits of their customers. Findings across bank branches in some key cities in the...

CBN To Bank Customers: Resist Illegal Arbitrary Charges     The Central Bank of Nigeria (CBN) has advised bank customers to resist arbitrary bank charges illegally imposed on them by Deposit Money Banks (DMBs). Reacting to claims by Igbo traders that depositors and other account operators with banks...

Bank Customers, PoS Operators Groan As Telcos Block 47 LGAs In 4 States   Telecommunication service subscribers in 47 local government areas in Zamfara, Katsina, Sokoto and Kaduna states have been affected by the ban on telecom services in the areas by the Federal Government, findings...

Banks Begin N6.98 USSD Charge, Customers Kick       Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have said that excessive charges by banks could pose a threat to financial inclusion. According to them, it will increase cash...

In 6 Months, We Received 35 Bank Customers’ Petitions, Complaints — NDIC The Nigerian Deposit Insurance Corporation (NDIC) received a total of 35 petitions and complaints from bank customers on ATM frauds, unauthorized funds transfers, cheque related issues and others. Delivering a goodwill message at the...

Customers, Bank Errors Move Failed PoS Payments To 19%   Nigerians continue to experience declined transactions on Point of Sales terminals all over the country as failed PoS transactions hit 256,228 on Monday evening. Live transaction updates obtained from the Nigeria Inter-Bank Settlement System showed that payment...