The Central Bank of Nigeria (CBN) has asked banks to take responsibility for collecting electricity bill payments. In a circular dated August 21, Bello Hassan, CBN’s director of banking supervision,
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Agusto & Co, a credit rating agency, says commercials banks and merchant banks have cancelled bad loans worth N1.9 trillion since the 2015/2016 recession. In its ‘2020 Banking Industry Report’
The presidential task force on COVID-19 says public transportation will be allowed outside curfew hours in the states under lockdown. In a nationwide broadcast on Monday, President Muhammadu Buhari extended
Smart Adeyemi, senator representing Kogi west, says some commercial banks are offering him loans because he has returned to the
Telecommunications companies say they may stop offering Unstructured Supplementary Service Data (USSD) services to financial institutions for free. The companies,
Rumours of impending attacks by Boko Haram insurgents in Ondo state have forced some commercial banks to halt operations. A
MTN Nigeria says there is a need for dialogue among stakeholders to resolve issues around proposed charges on unstructured supplementary
The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60%
The Nigerian Financial Intelligence Unit (NFIU) has requested banks to forward the account details of all legislative and judiciary officials
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