Banking

Nigeria’s Securities and Exchange Commission, SEC has said it has put on hold plans to regulate cryptocurrencies in the country. “For the purpose of admittance into the SEC regulatory incubation framework, the assessment of all persons…

Ecobank Nigeria has launched a feature that allow its customers to transfer money via email, SMS and Whatsapp – which are new features available on the bank’s Mobile App. Ecobank customers can now transfer cash without the beneficiary’s…

The Nigerian Senate on Thursday directed the the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to appear before its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes, and Capital Market to…

According to a member of the Monetary Policy Committee (MPC), the Central Bank of Nigeria (CBN) has not stopped any individual from dealing in cryptocurrency. Recall that the Central Bank of Nigeria (CBN) has ordered banks in the country…

The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks (DMBs), Other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) local financial institutions against having any transactions in crypto or facilitating…

The Central Bank Of Nigeria, CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to educate their customers on the revised cheque book, introduced…

The federal government now have access to unclaimed funds from dormant bank accounts as well as unclaimed dividends lodged in Nigerian banks. This is in accordance to the provisions of the Finance Act 2020 recently signed into law by…

The Central Bank of Nigeria (CBN) had on Thursday announced that it has revoked the operating licences of seven payment services providers. mNaija learnt this when the news was made known in a report titled ‘Revocation of operating…

Access Bank Plc has launched an online payment acceptance service platform called Swiftpay. The platform is designed to help its Micro, Small and Medium scale Enterprises (MSMEs) customers to build scale, transition and participate actively…

The Central Bank of Nigeria (CBN) has revoked the operating licences of 42 microfinance banks in the country. The report was made public on Friday in a statement titled "Notice of closure of 42 microfinance banks", by the Nigeria Deposit…

In spite of the economic challenges caused by the impact of coronavirus (COVID-19) pandemic, Guaranty Trust Bank, GTBank Plc, has recorded improved performance posting  a growth of 1.3  per cent to N328.4 billion in its gross earnings for…

Guaranty Trust Bank (popularly known as GTBank) has been named the 2020 best digital bank in Nigeria in a survey conducted by Augusto & Co., a research and credit rating agency. According to the research firm, the lender ranked the…

Access Bank Plc will today commence the disbursement of the N50 billion interest-free loan and grant it set aside for micro, small and medium size enterprises (MSMEs) that were destroyed by hoodlums in the wake of the protest against police…

Yesterday, Thursday September 17, 20120, the Nigerian government gave a directive to account holders in financial institutions to complete a new 'self-certification' form. However, the Federal Inland Revenue Service (FIRS) and tax experts…

Lately, some users woke up to find limitation placed on their GTbank Naira Master Card for purchasing things online from international sites using. This is due to the spend limits of $100 placed on the card per month. Other banks are…

There has been a lot of complains regarding the lost of ATM cards and as a result, users lost their money to fraudsters. Well, in this article, you are going to learn how to block any ATM Card in Nigeria if stolen or lost or misplaced…

Ecobank virtual card is a digital payment solution for online payments, integrated into its digital banking channel, Ecobank Mobile. The virtual card followed the recent update that was rolled out for the Ecobank Mobile app which is…

Have you been thinking of going past the difficulties you encounter when trying to use your master cards on international sites either for payments or purchase purpose? Don't worry, you are in the right place as this article will teach you…

You may have been wondering how to retrieve your Bank Verification Numbers since the Central Bank of Nigeria devised a single Biometric Identification System. As long as you are a Nigerian with a bank account, it is compulsory to have a…

In a bid to spread its tentacles and attracts more customers, FirstBank of Nigeria Limited has announced that it has reinforced its technology infrastructure to enable anyone in the country open a FirstBank account through their mobile…