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NDIC: Banks defrauded of N18bn in 2015 – but that’s better

    NDIC: Banks defrauded of N18bn in 2015 – but that’s better

Banks in Nigeria lost N18.021 billion in 2015, representing a N7.59 billion or 29.63 per cent decrease from 2014, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday. The number of fraud

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CAFON: Banks suffocating Nigerians with arbitrary charges

    CAFON: Banks suffocating Nigerians with arbitrary charges

Sola Salako, president of the Consumer Advocacy Foundation of Nigeria (CAFON), on Tuesday said 400,000 bank users lodged complaints against arbitrary charges by Nigerian banks between June 2016 and December

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EXPOSED: Robbers now hide guns in bread

    EXPOSED: Robbers now hide guns in bread

The Rivers state police command has alerted the public that suspected armed robbers have devised a means to perfect their craft. Parading suspects in the state on Monday, Ahmad Muhammad,

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CBN: Nigerians make N1.5bn transactions on POS daily

    CBN: Nigerians make N1.5bn transactions on POS daily

The Central Bank of Nigeria (CBN) says about N1.5 billion worth of transactions are done on the Point Of Sales (POS) terminal daily. Dipo Fatokun, CBN’s director of Banking and

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Your bank can’t issue you unsolicited cards again

The Central Bank of Nigeria has released a set of guidelines for card issuance and usage in Nigeria for Deposit

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