Banks Dump Old Cheques, Customers To Obtain Revised Leaflets       Banks have notified customers that effective on Thursday (today), the old cheque leaflets will no longer be acceptable for clearing. They also urged the customers to get the new revised cheque standard leaflets introduced by the Central...

Banks Cut Borrowings From CBN By N1.56trn       Banks borrowings from the Central Bank of Nigeria reduced by N1.56tn to N136.13bn in the fourth quarter of 2020 from N1.7tn in the third quarter. Figures obtained from the Central Bank of Nigeria on ‘Standing facilities window operations’ in...

Banks To Customers: Naira-4-dollar Scheme Ends May 8       Deposit Money Banks have informed customers that the Central Bank of Nigeria’s ‘Naira-4-dollar scheme’ will end on May 8. This is as they continued to woo their customers to take advantage of the incentive introduced by the regulator,...

USSD Disconnection: Emefiele, Danbatta, Pantami Meet Telcos, Banks Today         Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive Vice Chairman of the Nigeria Communications Commission, Prof Umar Danbatta, will on Monday meet banks and telecoms operators over...

Banks Lost Over N5bn To Fraudsters In Nine Months — NDIC       The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system. Speaking at the annual capacity building programme for...

Oil, Power Firms’ Bank Debts Rise To N5.94trn     The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent...