ATMs
29 Jan
This write up is essentially a lamentation on how banking values and principles have changed for the worse since the entry of new generation banks to the industry in the late 1980s and early 1990s, when the regime of General Ibrahim Babangida liberalised banking business.
28 Jan
Gradually but steadily, the buying and selling of the naira (banknotes), also known as commoditisation, is fast becoming a ‘major’ business, but constituting an affront to the effectiveness of the monetary policies of the Central Bank of Nigeria (CBN).
14 Jan
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs) during the Yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions.…
16 Dec
Like a repeat of the pre-election crisis where access to cash becomes limited and cash gets traded for a premium, agent banking operators, popularly called PoS, have increased withdrawal charges through their outlets.
12 Dec
Point of Sale (POS) operators have been spotted in the Lekki area of Lagos State hawking new Naira notes as bank customers lament their inability to withdraw cash from ATMs. The operators charged N4,000 as a fee for N10,000 withdrawals. They displayed cash notes from N100 to N1000 for interested persons. This is coming a…
16 Sep
With fraud cases within the banking system rising by 9,004 per cent, which led to a loss of about N42.6 billion in the second quarter of 2024, 49 appointments have been terminated within the industry.
20 Feb 2024
The spate of attacks on Automated Teller Machines (ATM) has called for concerns with security experts giving solutions on how to combat the situation. Cyber security expert, Adeniji Ilerioluwase said that the most commonly used malware by cyber criminals is known as Tyupkin. This malware makes ATMs dispense cash on demand without the use of…
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A 52-year-old Angela Nzewi was arraigned before the Children, Sexual and Gender-based Violence Offences Court in Awka, for allegedly using 13 children to solicit for alms. According to the Police Prosecutor, Insp. Chinyere Okechukwu, the accused who hails from Otolo Nnewi, committed the offence on Dec. 21, 2024 at Nnewi. “That you, Angela Nzewi of…
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The First Lady of Niger State, Hajiya Fatima Umaru Bago, has called for increased sensitisation to curb the dangers of unregulated and crude mining methods in Nigeria, which contribute to the loss of lives and property. Fatima Bago made the call during the disbursement of a N100 million donation from the wife of the President,…
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The Nigeria Correctional Service (NCoS) in Cross River State has raised concerns over the declining number of inmates in its facilities, stating that the shortage is affecting farming and community service programmes. Speaking at a two-day town hall meeting on the implementation of the Administration of Criminal Justice Law (ACJL), organized by the CLEEN Foundation,…
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22 mins ago
The Delta State Police Command and the Nigerian Air Force (NAF) authorities have ordered investigations into an ugly altercation between their personnel in Warri on Tuesday, February 11, 2025. The incident, which took place around 5:00 PM, involved officers from the Delta State Police Command’s Quick Response Squad (QRS) transporting a suspect to the police…
26 mins ago
The Federal Government has inaugurated the Young Adolescent Technical Working Committee, a specialised team dedicated to addressing the developmental and health needs of young adolescents. Mr Ayodele Olawande, the Minister of Youth Development, reaffirmed President Bola Tinubu’s commitment to improving youth health under the Renewed Hope Agenda during the inauguration in Abuja on Thursday. He…
33 mins ago
The All Progressives Congress (APC) has closed its defence in the petition challenging its victory at the September 21 governorship election in Edo State. The closure, which came as a surprise, occurred on Thursday, a day after the APC, which is the 3rd respondent in the petition filed by the People's Democratic Party (PDP) and…
37 mins ago
As the 49th anniversary of the assassination of Nigeria's former Head of State, General Murtala Muhammed, is being marked, the Murtala Muhammed Foundation (MMF) has urged citizens to engage in a period of sober reflection and rededication to the values he upheld—integrity, patriotism, and progress. The MMF, in a statement released on Thursday by its…
38 mins ago
The German Defence Company Helsing will produce 6,000 more HX-2 combat drones for Ukraine, following an already completed delivery of 4,000 combat drones. The company made the announcement in Munich on Thursday. According to the company, the HX-2 combat drone has a range of up to 100 kilometres, and the use of artificial intelligence technology…
41 mins ago
The Ogun State Government has firmly dismissed claims by its Ondo State counterpart regarding the ownership of Eba Island, where an oil well is currently under investigation. It stressed that the island falls within Ogun State’s jurisdiction and cautioned against any attempt to stir communal tensions between the Ijebu and Ilaje peoples, who have historically…