banks
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economy
Customers decry arbitrary debits by some banks
Some customers of various banks have decried the continuous arbitrary debit of their monies by their banks. Some of them, who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said the move negated the financial inclusion initiative of the Central Bank of Nigeria (CBN). Mrs Claudia Albert, a customer with Sterling Bank, said the bank had…
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Featured
Protest: Banks, markets reopen for business in Sango-Ota
As the ongoing nationwide protest entered its second day on Friday, some banks and markets in Sango-Ota, Ogun, have reopened for business activities. The News Agency of Nigeria (NAN) reports that the banks, markets and filling stations around Toll-gate, Joju, Sango-Ota and Oju-Ore, which had closed shop on Thursday due to the protest, opened for economic activities on Friday. NAN…
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Featured
Public offices, banks in Uyo closed as labour begins strike
Public offices and banks in Uyo were on Wednesday, not opened for businesses following the indefinite strike embarked upon by the organised labour A News Agency of Nigeria (NAN) checks around Uyo metropolis showed labour union leaders monitoring workers’ compliance with the strike. It would be recalled that the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) directed…
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Featured
Strike successful in Kano as federal, state secretariats empty, banks comply
The nationwide strike called by the organised labour recorded huge success in Kano on Monday as banks, civil servants and aviation staff stayed away from work. However, private schools were in session as their worker defied the strike instruction by the organised labour led by Nigeria Labour Congress (NLC) and Trade Union Congress (TUC). The correspondent of the News Agency…
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economy
Tier-1 banks pushes NGX ASI by 0.44%
The domestic bourse continued its winning streak, with the All-Share Index opening at 98,383.04 and gaining 0.44 per cent or 435 points to close at 98,818.04. This increase contributed to the market capitalisation rising by N246 billion or 0.44 per cent to close at N55.899 trillion compared to N55.653 trillion recorded on Tuesday. The Year-To-Date (YTD) return to 32.16 per…
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Africa
AZA Finance Publishes Report on How Banks, Regulators, and Fintechs Drive Global Investment into Ghana
ACCRA, Ghana — Today, AZA Finance released a brief unveiling critical insights in the Ghanaian fintech landscape, emphasising the crucial roles of banks, regulators, and fintech in driving global investment into this thriving market. Authored by Elizabeth Rossiello, CEO and founder of AZA Finance, and Nana Yaw Owusu Banahene, Country Manager (Ghana) at AZA Finance, the report provides insight into Ghana’s regulatory environment,…
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Finance
Banks’ bad debts increased by N166.29bn in 2020 – NBS
The Nigerian banking industry recorded a N166.29 billion or 15.69 percent increase in non-performing loans in 2020. The National Bureau of Statistics disclosed this in its banking sector report released on Sunday. According to the report, non-performing loans in Nigerian banks increased to N1.22 trillion at the end of December 2020 from N1.059 trillion recorded the previous year. The report…
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NEWS
COVID 19: CBN directs Banks to disinfect offices
The Central Bank of Nigeria (CBN) says it has commenced disinfecting its head office in Abuja and 37 branches across the country. The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, said this in a statement in Abuja on Sunday. Okorafor said the move followed management’s directive in line with advisory from the World Health Organisation (WHO) and the Nigeria…
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Arts & Culture
Banks to revive National Theatre with N25bn
The Central Bank of Nigeria and the Bankers Committee plan to revive the National Theatre at Iganmu, Lagos, with about N25bn. The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, disclosed this during the 11th Bankers Committee retreat in Ogere, Ogun State, on Saturday. “What the Bankers Committee is doing is to help to revive dead assets or an asset…
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NEWS
MoneyGram and GT Bank Launch MoneyGram Receive Service into Nigeria
MoneyGram and GT Bank, one of the leading retail banks in Nigeria, announced today the launch of MoneyGram’s receive services across the GT Bank network. This service will be available through MoneyGram’s cash to account service. Customers in Nigeria can now receive money from friends and family in 129 countries directly into their personal GT Bank accounts within minutes. These…
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News
Robbers bomb banks in Ondo, shoot passersby
The town of Owo, Ondo State was today attacked by dare-devil armed robbers who bombed no fewer than five banks. Quick News Africa gathered that the robbers began their operation at about 5pm, and killed some innocent citizens in the process. They were said to have positioned themselves at strategic areas of the town, thus making it impossible for the…
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Africa
Ecobank inaugurates committee for new board members
Ecobank Transnational Incorporated (ETI) says it has set up a new committee to search for new board members as agreed at its extraordinary general meeting on March 3. This was contained in a statement by Odidison Omankhanlen of the bank’s Brands and Communications Department. It said that the seven member committee included two former chairmen of the bank, Gervais Djondo…
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Africa
Nigeria to monitor telephone logs, personal accounts of local banks customers
Independent Corrupt Practices and Other Related Offences Commission (ICPC) , has intensified surveillance on financial transactions of Nigerians in its fight against corruption, according to Mr Ekpo Nta, chairman of the commission. Part of the surveillance measure would include close monitoring of the bank accounts and transactions of suspects, as well as keeping tabs on their telephone call log. Nta…
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