Banking

Nigerians who use Unstructured Supplementary Service Data (USSD) services are now being charged N6.98 for each transaction session. USSD allows users who don’t have access to a smartphone, data/internet connection or physical banking…

Peradventure you (or anyone around u) lose a phone, here is a guide to prevent financial losses. The thieves steal victims' money from their bank accounts using USSD. So in case anyone loses phone around you, quickly help deactivate…

After 48 hours of blocking MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps, commercial banks on Sunday have reconnected MTN customers to banking channels. It was gathered that…

MTN customers in Nigeria now have alternative electronic payment platforms to recharge their phones as the mobile network operator on Saturday announced that customers can recharge airtime through payment solutions platforms such as…

A few days ago, telecom mobile operators withdrew the USSD shortcode service bank from their platform which means customers would have huge challenges in carrying out financial transactions via the USSD platforms. And now, Nigerians will…

The Central Bank of Nigeria (CBN) has announced a “Naira 4 Dollar Scheme” – an incentive for senders and recipients of international money transfers. The Apex bank made this known in a circular to international money transfer operators…

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…