banks

Only 5% of Nigerians have above N500,000 in their bank accounts – FG

The Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, has said wealth distribution in the last administration was unequally distributed,...

Banks get fresh order to collect old notes from CBN branches, dispense immediately

More Naira notes will be pumped into circulation as from tomorrow, March 23 as banks have been directed to collect old notes deposited...

NIN: 72.8m subscribers risk being disconnected as FG orders unlinked SIMs barred

The Federal Government has directed telecommunication companies in Nigeria to bar all outgoing calls on unlinked lines as from Monday, April 4, 2022....

N26m up for grabs at Polaris Bank’s Customers’ ‘Save and Win’ Promo Campaign

  Polaris Bank has put up some N26 million for its loyal and prospective customers to cart home under its ‘Save & Win’ promo...

Banks Fraud, Financial Rape and its System Cruelty on Nigerians 

Akowe John-Duke ‘Selime It is exceptionally bothersome and wearisome to be acquainted with the fact that the Nigerian banks have mastered an assortment...

COVID-19: FG to banks: Provide efficient services to cushion lockdown effects

In a bid to flatten the curve of  Coronavirus disease, the Presidential Task Force (PTF) on the pandemic has appealed to banks to provide skeletal services to...

CBN considers tougher sanctions against banks hoarding forex

[dropcap]T[/dropcap]he Central Bank of Nigeria (CBN) Friday said it is reviewing ways to toughen sanctions against financial institutions in the country that hoards foreign exchange...

Buhari Administration To Seek Out of Court Settlement with Banks Over $793m

[dropcap]T[/dropcap]he federal government Tuesday revealed that it has plans to withdraw its case against seven commercial banks over what it says is $793...

Etisalat Pulls Out of Nigeria After Loan Talks Collapse

[dropcap]T[/dropcap]roubled Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria,...

Wema Bank Hit by N5.2billion Oil Deal Scandal…Accused of Issuing N346m Dud Cheques

Per Second News—A band of crime fighters have blown the lid off a banking scam perpetrated by the management of WEMA Bank PLC....