Customer, Bank Errors Push PoS Failed Payments To 16%     Nigerians continue to experience declined transactions on Point of Sale terminals all over the country as failed transactions hit 296,528 on Thursday evening. Live transaction updates obtained from the Nigeria Inter-Bank Settlement System showed that payment on...

Banks’ Loans To Customers Rise To N18.9trn In Q1, 2020     Nigerian banks’ loans to customers jumped to N18.9 trillion in Q1 2020, up from N17.4 trillion in FY 2019. Checks by our correspondent revealed a 5.74% increase during the first quarter of the year. In other words,...

KEDCO@6: Gwamna lauds staff, customers, excited over achievements. As Kano Electricity Distribution Company (KEDCO) marks its 6th anniversary on Friday Nov. 1, the Managing Director, Dr. Jamil Isyaku Gwamna has commended the staff and customers of KEDCO for their support and commitment toward having the...

CBN Returns N65bn Illegal Deductions To Bank Customers   The Central Bank of Nigeria says it has recovered over N65bn from commercial banks in the country for wrongful deductions and charges from customers’ deposits and other transactions in the last six years. The Acting Director, Corporate Communications,...