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Tag "banks"

‘They were previously closed’ — NDIC denies liquidating 20 new banks

    ‘They were previously closed’ — NDIC denies liquidating 20 new banks

The Nigeria Deposit Insurance Corporation says it did not liquidate 20 new banks as claimed by reports on social media. Liquidation means selling off assets and using the proceeds to

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Inflation, high interest rates could cause funding problems for weak banks, IMF warns

    Inflation, high interest rates could cause funding problems for weak banks, IMF warns

The International Monetary Fund (IMF) has warned that banks facing higher credit risks could have funding problems due to further sharp tightening of financial conditions. IMF, in a report on

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Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

    Tinubu’s aide seeks reform of BDCs, banks’ FX operations to improve supply

Tope Fasua, the special adviser to President Bola Tinubu on economic affairs, has called for a structural reform of Nigeria’s foreign exchange (FX) market by making adjustments to the operations

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How preference for ‘next of kin’ in estate claims can be challenged in court

    How preference for ‘next of kin’ in estate claims can be challenged in court

BY ADEBAYO ADEKOLA Some banks, pension fund administrators, registrars, employers, and insurance companies usually insist they would only attend to next of kin for claims to a deceased person’s estate.

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Banks in Lagos shun union’s directive to join NLC strike

  Banks in Lagos shun union’s directive to join NLC strike

Banks in Lagos have ignored the directive of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) to

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‘Punishing economic circumstances’ — banks, insurance firms to join NLC’s two-day strike

  ‘Punishing economic circumstances’ — banks, insurance firms to join NLC’s two-day strike

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) says its members will join the Nigeria Labour Congress

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Fighting cybercrime in banks

  Fighting cybercrime in banks

Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies

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Plastic pollution: Mastercard unveils global plan to recycle credit cards

  Plastic pollution: Mastercard unveils global plan to recycle credit cards

Mastercard is set to commence the recycling of plastic credit and debit cards globally.  Launching the project on Wednesday, the

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Fidelity Bank’s earning assets rise to N2.6trn in 2022 — up by 19%

  Fidelity Bank’s earning assets rise to N2.6trn in 2022 — up by 19%

The earning assets of Fidelity Bank Plc grew significantly to N2.64 trillion in 2022. Earning assets are the income-producing investments

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Adeleke to banks: Stop issuing old naira if you won’t accept same as deposit

  Adeleke to banks: Stop issuing old naira if you won’t accept same as deposit

Ademola Adeleke, governor of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers

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