The Central Bank of Nigeria (CBN) may have reversed the earlier directive stopping banks from loading Automated Teller Machines (ATM) with higher banknotes, saying financial institutions are at liberty to pay in any denomination through the channels.
8 Dec 2022
Senators, yesterday, expressed concerns over the new Central Bank of Nigeria (CBN) policy on cash withdrawal, which they observed might stifle economy.
7 Oct 2022
Failing banks’ electronic payment (ePayment) channels have continued to compound the woes of the banking community with Nigerians, who make use of the platforms for transactions, being frustrated
21 Jun 2021
A yet-to-be identified man was allegedly shot dead at Water bus stop, along University of Ibadan-Ojoo Road on Monday after withdrawing some cash at the Automated Machine (ATM).
22 Apr 2021
It was a lovely surprise to receive in the mail this past February a cheque from my bank. The letter went on to explain that after an audit they found out that the customer service I received in 2016
19 Aug 2020
As important business meetings and transactions go online in deference to COVID-19 pandemic, the rate of transaction failures is on the rise and Nigerians may be getting the short end of the stick
11 Feb 2020
The nation’s electronic payment (e-payment) system landscape has risen to a new height of about N592 trillion worth of transactions in 2019...
1 Jan 2020
Today marks the take-off point for a new regime of banking charges against customers for services rendered, but there is general apathy trailing expectations of compliance
20 Nov 2019
Despite public outcry, the spate of inexplicable charges associated with banking in the country remain on the upswing, as a total of 1,612 complaints from consumers of financial...
10 Jul 2019
A 28-year-old man arrested for the suspected murder of an accountant and his lover inside his Ejigbo residence in Lagos State, has alleged it was the man’s wife that masterminded the crime. Rasaki Balogun, 56, and his lover, Muyibat Alabi, were found dead on June 20 at his No. 16, Taiwo Oke Street, Victory Estate…
31 May 2019
Nigeria’s CWG Plc said it has sealed a partnership deal with three Nigerian banks on the ATM as a Service concept, which it deployed about two years ago; giving the banks the needed freedom to focus on their core banking operations....
23 May 2019
If you’re lucky, you've never encountered a card skimmer. If you never let your credit (ATM) card out of your sight, how do these thieves get your ATM card information? They get it through the Credit Card Skimmer; these small, illegal devices fit on top of real card readers at self-service sale terminals. They’re designed to…