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Tag "Nigerian banks"

Uzoma Dozie: Nigeria must leverage technology to curb fraud in banking sector

    Uzoma Dozie: Nigeria must leverage technology to curb fraud in banking sector

Uzoma Dozie is one of Nigeria’s foremost leaders in the financial sector and the last group managing director of the defunct Diamond Bank. An experienced entrepreneur, economist, and technologist, Dozie

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Commercial banks’ stock rise after CBN announced recapitalisation plan

    Commercial banks’ stock rise after CBN announced recapitalisation plan

Nigerian bank shares rose on Monday as investors responded favourably to the announcement that the Central Bank of Nigeria (CBN) will require them to increase capital buffers. Leading the way,

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Banks’ unclaimed dividends hit N79bn — up by 8% in six months

    Banks’ unclaimed dividends hit N79bn — up by 8% in six months

The unclaimed dividends in the banking sector hit N79.57 billion in the period ending June 2023, rising by N7.13 billion within the first six months of the year. The value

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The need for contactless payment system in Nigeria

    The need for contactless payment system in Nigeria

Contactless payments will soon arrive on Nigerian shores, about two decades after some advanced countries started using them. Despite the huge benefits, however, contactless payments also carry some risks. To

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Fidelity Bank eyes tier-1 status with impressive H1 2022 results

  Fidelity Bank eyes tier-1 status with impressive H1 2022 results

Fidelity Bank Plc posted a 21.6 percent growth to record N25.1 billion profit in the first half of 2022 and

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Banks notify customers as CBN automates forex forms for BTA, tuition fee

  Banks notify customers as CBN automates forex forms for BTA, tuition fee

Nigerian banks have informed their customers regarding the automation of Forms A and NCX for invisible and non-commercial exports transactions. 

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Nigerian banks to stop accepting old £20, £50 notes Dec 31

  Nigerian banks to stop accepting old £20, £50 notes Dec 31

Nigerian banks have fixed December 31 as deadline for customers to deposit their £20 and £50 notes. According to circulars

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IMF: Nigerian banks closed 234 branches, 649 ATMs amid COVID-19 pandemic

  IMF: Nigerian banks closed 234 branches, 649 ATMs amid COVID-19 pandemic

The International Monetary Fund (IMF) says Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid

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Banks make COVID-19 vaccination compulsory for staff

  Banks make COVID-19 vaccination compulsory for staff

Nigerian banks have issued directives mandating workers to get vaccinated against COVID-19, TheCable understands. In circulars seen by TheCable, six

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‘We’ve set up dedicated teller points for FX’ — banks notify customers

  ‘We’ve set up dedicated teller points for FX’ — banks notify customers

The Deposit Money Banks (DMBs) in the country said they have complied with directives of the Central Bank of Nigeria

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