Browsing Tag
Banking
13 posts
Chidioka pushes for Onitsha to become banking hub for South-East
Former Minister Osita Chidioka has called for South-East governors to incentivize banks to move their headquarters to Onitsha, aiming to improve regional credit access and boost local economic growth.
NDIC Appointed Liquidator for 46 Failed Microfinance Banks
Following the revocation of licenses for 46 microfinance banks by the CBN, the NDIC has stepped in to manage their liquidation and warned the public against illegal transactions with these failed institutions.
Halifax Brand to End After 173 Years
Lloyds Banking Group will phase out the Halifax brand, transitioning accounts to the Lloyds name by 2027 while maintaining local operations and staffing levels.
Central Bank of Nigeria Withdraws Operating Permits for 46 Microfinance Banks
The Central Bank of Nigeria has stripped 46 microfinance banks of their licenses for failing to meet regulatory obligations, including capital requirements and operational mandates.
United Bank for Africa Distributes Over N400 Million in Bumper Account Bonuses
United Bank for Africa has rewarded thousands of its Bumper Account holders with over N400 million in bonuses to celebrate their commitment to consistent saving.
eTranzact expands financial access in Ogun State
eTranzact is expanding its PocketMoni financial services in Ogun State, deploying 1,000 agents and thousands of terminals to improve local banking access.
Bank Customers Association Head Discusses Providus and Unity Bank Merger
Dr. Uju Ogunbunka of the Bank Customers’ Association of Nigeria explains how the merger of Providus and Unity Banks protects depositors and sustains confidence in the local financial sector.
UBA CEO Urges Banking Industry to Strengthen AI Oversight
United Bank for Africa CEO Oliver Alawuba and ACAEBIN leaders advocate for enhanced AI governance and cybersecurity measures to protect the banking sector's future.
CBN Blocks Bank Accounts of Adamu Ciroma and Others Tied to Terrorism Funding
The Central Bank of Nigeria has mandated the immediate freezing of accounts belonging to five individuals and a Bureau de Change firm over allegations involving terrorism financing.
CBN Instructs Financial Institutions to Freeze Assets of Terrorism Financing Suspects
The Central Bank of Nigeria has ordered banks to freeze assets belonging to six individuals and four BDC operators accused of terrorism financing, following a government update to the national sanctions list.