System Upgrade: FCCPC May Sanction Banks Over Service Disruption
Adedapo Adesanya By Adedapo Adesanya The Federal Competition and Consumer Protection Commission (FCCPC) has warned financial institutions against continuing disruption…
banks
CBN Slashes LDR for Banks to 50% from 65%
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has announced a downward review of the loan-to-deposit ratio…
Partnerships for Progress: Collaboration Between Banks and Fintechs is the Future of Banking in Africa
Business Post Contributor By Ike.S Anison Historically, the formal banking sector’s penetration in Africa has been relatively low. And, while there…
Naira Redesign: Protesters Target Banks in Lagos, Ogun
By Adedapo Adesanya A United Bank of Africa (UBA) branch in the Abule Egba area of Lagos and…
CBN Orders Banks to Operate Saturday, Sunday to Mop Up Old Naira Notes
Aduragbemi Omiyale By Aduragbemi Omiyale As the deadline for the stoppage in the use of old N200, N500, and N1,000…
Explainer: Why Banks Want Customers to Provide Indemnity for Online Transfers Above N1m
By Adedapo Adesanya In a new directive, the Central Bank of Nigeria (CBN) has asked commercial banks and…
Banks Get Two Weeks Deadline to Resolve ATM, e-Banking Issues
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has given banks a two-week ultimatum, starting from June…
GTBank, Others Announce Early Closure of Branches December 31
Dipo Olowookere By Dipo Olowookere Some commercial banks operating in Nigeria have announced that on Monday, December 31, 2018, they…
Banks, not FinTech, Are Their Own Biggest Threat—Expert
By Dipo Olowookere Founder and Executive Vice Chairman of CWG Plc, Mr Austin Okere, has pointed out that…
Banks, not FinTech, Are Their Own Biggest Threat—Expert
By Dipo Olowookere Founder and Executive Vice Chairman of CWG Plc, Mr Austin Okere, has pointed out that…