By Adedapo Adesanya On Monday, May 6, 2024, the Central Bank of Nigeria (CBN) directed all financial institutions, including commercial banks and others to deduct a...
By Aduragbemi Omiyale Commercial banks operating in Nigeria have begun to notify their customers of the reintroduction of processing fees on cash deposits for individual and...
By Aduragbemi Omiyale From May 20, 2024, Nigerians may have to pay a 0.5 per cent cybersecurity levy on electronic transfers as stipulated in the Cybercrime...
By Aduragbemi Omiyale Three MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018 have been secured by Union Bank. The leading international provider...
By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) has raised the maximum deposit insurance coverage for depositors of all licenced Deposit Money Banks (DMBs) in...
By Modupe Gbadeyanka To achieve the United Nations Sustainable Development Goals (SDGs), deliberate efforts must be made to leverage innovative financing models and strategic partnerships. This...
By Adedapo Adesanya First City Monument Bank (FCMB) Plc aims to raise N150 billion in new capital by selling stocks as part of recapitalisation efforts announced...
By Modupe Gbadeyanka Some students drawn from 15 schools across the six geo-political zones of Nigeria were recently given invaluable insights on the path to wealth...
By Modupe Gbadeyanka Customers intending to open bank accounts with leading financial technology (fintech) firms in Nigeria like Opay, Moniepoint, Kuda and PalmPay may have to...
By Modupe Gbadeyanka A leading pan-African financial technology (fintech) company, PalmPay, has been commended for its impact on Africa’s $912 billion mobile money industry. Since launching...