Commercial banks across Nigeria are urging customers to link their bank accounts to their National Identification Numbers (NINs) or Tax Identification Numbers (Tax IDs) ahead...
Starting today, bank customers will be required to pay N6 for each SMS transaction alert. This new charge follows an increase in telecommunications rates by...
The Nigerian Communications Commission (NCC) has directed telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes of nine financial institutions over unpaid...
The Nigeria Inter-Bank Settlement System (NIBSS) is currently experiencing a significant downtime, resulting in widespread delays and failures in electronic transactions across the country. Numerous financial...
Nigerian commercial banks have recently imposed withdrawal limits on their automated teller machines (ATMs), deviating from the Central Bank of Nigeria’s (CBN) directives. Following instances of...
As the March 1st deadline set by the Central Bank of Nigeria (CBN) for linking all bank accounts to National Identity Numbers (NIN) passed last Thursday,...
Bank customers faced heightened frustration yesterday as Naira scarcity persisted, leading more banks to ration cash withdrawals. In response to the crisis, Point of Sale Operators...
The banking industry has so far lost N9.5 billion to electronic fraud in 2023. Meanwhile the Nigeria Electronic Fraud Forum, NeFF, has called for new measures...
The Federal Government says Nigerians can now request their commercial banks issue them with a debit card that doubles as their national identity card. Prof Isa...
Banks have reduced the volume of new naira notes they dispense to customers per cash withdrawal by about 50 per cent leading to increased anxiety over...