16 Apr 2021
The Indigenous People of Biafra (IPOB) has denied the allegation that its security outfit, Eastern Security Network (ESN), was planning to burgle banks in the South East to raise money for arms.
7 Apr 2021
It should not be unexpected that such public outrage between Nigerian banks and Mobile Telephone Network (MTN) would be flaming up at this time
13 Mar 2021
Telecommunications operators have withdrawn the Unstructured Supplementary Service Data (USSD) shortcode service banks and other financial service operators leverage on their platforms to service the banking community. The operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) claimed that the banks owed them over N42 billion in debts for the…
10 Mar 2021
The partnership of the telecommunications sector, financial technology companies (Fintechs) and banks, if well leveraged, can drive Nigeria’s cashless economy programme.
1 Mar 2021
• NPL 20% above the maximum threshold, may affect dividend payout • Experts blame the weak economy, harsh business environment • Economists urge banks to observe due diligence in approval, strengthen risk framework There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as…
8 Feb 2021
The Central Bank of Nigeria (CBN) has justified recent directive banning banks and other financial institutions from facilitating transactions in cryptocurrency.
27 Jan 2021
The increasing spate of job losses in the banking industry is worrisome not just for its depiction of stress in that critical sector but also for its overall telling effects
21 Jan 2021
The Executive Chairman of Nasarawa State Internal Revenue Service, Ahmed Muhammad, has said that cash payment is no longer acceptable in the state’s revenue collection.
23 Dec 2020
Indigenous tech consultancy firm, AVRUST Nigeria, and Swedish cyber Security Company, Covr Security AB, have partnered to launch secure digital identity solutions for banks, telecommunication firms, and healthcare providers. Chief Executive Officer, AVRUST Nigeria, Felix Unachukwu, said Nigeria was doing catch-up with the rest of the world when it comes to the digital economy,…
30 Oct 2020
About two weeks after Anonymous, a network of global hacktivists launched an aggressive campaign in Nigeria, commercial banks have begun a panic update of their server ...
30 Oct 2020
A walk through my neighbourhood here in FESTAC Town, Lagos, reveals a large number of mini-banks that have recently been set up along the streets, and in one corner or the other, of the neighbourhood. I believe that this is also currently the situation in many other parts of the country. Many umbrellas and kiosks…
21 Sep 2020
Financial inclusion, particularly at the grassroots, has been described as a veritable tool for bringing people out of poverty. It will ensure that factors that make them vulnerable