Banks

May 26, (THEWILL) – Grumbling about banks’ profit is a favourite Nigerian pastime that gets louder and louder in the first quarter of the year when their financial performance for the previous year is announced. But lately, the grumblers have...

December 09, (THEWILL) - The ongoing recapitalisation of Nigerian banks must be executed in a manner that boosts investors’ confidence while guiding against short-changing them, industry experts and stakeholders have emphasized.   This view was expressed at the annual conference of...

November 24, (THEWILL) - The Economic and Financial Crimes Commission, EFCC has warned banks against making themselves available as instruments of fraud. The warning was handed down at the weekend when the management team of Moniepoint, led by its...

August 18, (THEWILL) – The macro headwinds that triggered the current recapitalisation exercise in Nigeria’s banking industry have pushed the banks into fierce competition for service delivery and market share. As industry analysts have observed, the unexpected magnitude of the...

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that the Corporation has introduced the Single Customer View (SCV) framework to expedite payment to depositors of closed banks while reiterating that their priority is to protect Nigerian depositors. Speaking at the...

May 25, (THEWILL) - The Federal Government has directed commercial banks in the country and other financial institutions to issue new debit cards to customers with National Identification Numbers (NIN). The new card will be used to withdraw money from...

The Nigeria Communications Commission, (NCC), has exonerated telecommunications operators of network failures being experienced by bank customers in their transactions saying there is the need for banks to work on their internal configuration to make the cashless policy succeed. The...

February 20, (THEWILL) - On Monday, irate youths protesting scarcity of naira notes and petrol attacked banks in the Sagamu area of Ogun State. Speaking on the development, a youth leader in the town, Kayode Segun-Okeowo, described the attack...

BEVERLY HILLS, April 07, (THEWILL) - The meeting between MTN and Deposit Money Banks (DMB) that was held in Lagos ended inconclusively Tuesday and will continue on Wednesday. One of the regulatory sources, said the meeting was a hybrid one, because...

BEVERLY HILLS, April 04, (THEWILL) - Commercial banks have reconnected MTN customers after 48 hours of disconnection from the banking channels. The development followed the intervention of the Minister of Communications and Digital Economy, Isa Pantami, and the Governor of the...