Frustration, Agony Persist For Banks’ Customers Over Failed Transactions
The unending complaints of non-reversal of banks’ failed customer transactions have continued to raise serious concerns within Nigeria’s financial sector. Investigation revealed that over 60 per cent of complaints from banks’ customers hover around failed transactions. The development is causing…
CBN Confirms Isa Abdulmumin As Substantive Director Of Corporate Communications
The Central Bank of Nigeria has confirmed the appointment of Dr Isa Abdulmumin as the substantive Director of Corporate Communications. The development comes months after Osita Nwanisobi, the former director of Corporate Communications, retired. Report has it that in February,…
Purpose, Culture, Technology Will Boost Our Performance – FCMB Group CEO, Ladi Balogun
During the 10th Annual General Meeting of the FCMB Group Plc, held in Lagos on April 28, Mr Ladi Balogun, the Group Chief Executive, discussed the company’s plans to achieve a robust performance in the 2023 financial year. He told…
Zenith Bank Confirms Fire Outbreak At Lagos Facility
Zenith Bank has confirmed a fire incident at its storage facility located in Victoria Island, Lagos State. Report has it that the management of the bank confirmed the unfortunate incident in a post on its verified Facebook page on Wednesday…
NDIC Begins Verification Of Peak Merchant Bank Depositors
The federal government has called on defunct Peak Merchant Bank depositors to come for verification to pay their insured deposits. Report has it that the Nigeria Deposit Insurance Corporation, NDIC, disclosed this in a recent document posted on its official…
Access Bank Rewards Customers With Cash Prizes In DiamondXtra Digital Campaign
In a bid to encourage digital transactions and savings, leading retail bank Access Bank is rewarding customers, who open DiamondXtra Digital accounts, with cash prizes. Report has it that the campaign from April 3 to April 30, 2023 is designed…
Nigeria banking sector risks collapse as customers shun cash Deposits
The Nigerian economy has started recovering from the three-month-long naira scarcity, but there is another brewing risk of a possible banking sector collapse as customers shun cash deposits. The development is a spill-over effect of the Central Bank of Nigeria’s…
Reps Want Overhaul Of Online Banking System
The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct commercial banks to overhaul the existing online/electronic banking platforms for the efficient conduct of electronic banking operations. Report has it that this is sequel to a…
Over N2.7trn Was Kept Permanently In People’s Homes Before We Ordered Redesign Of New Naira Notes – Emefiele
Governor of the Central Bank of Nigeria, Godwin Emefiele on Sunday, revealed that part of the reasons the Federal Government decided on the redesign of currency denominations was the fact that N2.7trillion was lying idle in people’s homes prior to…
Nigeria Banks’ Customers Lost Over N1bn To Fraud In Q2 2022
A report by the Financial Institutions Training Centre, FITC, has disclosed that Bank customers in Nigeria lost over one billion naira to Banks’ branch and mobile channels fraud in the second quarter of 2022. In a recent report on Fraud…