Thursday, 1 June 2017

Twitter User Calls out Bank for “Copying” Photo Shoot

Twitter user @letasobierajski has accused Wema Bank Plc. of copying a photo shoot and using the same pose to promote one of its products.

The “Independent Graphic Designer & Art Director” posted two photos on her page and wrote: “Hey @alat_ng @wemabank what gives? You copied my shoot pose for pose.”

Abuja Lawyer sues bank for failed N40,000 ATM transaction, demands N100m

An Abuja-based Legal Practitioner named Musa Baba-Panya, has instituted a suit in the FCT High Court against Access Bank Plc claiming N100 million for alleged defamation of his character.

MMM: 23 Nigerian Banks Got N28.7bn Inflows From Dubious Transactions

No fewer than 23 Nigerian banks received inflows amounting to N28.7 billion executed in 460,000 transactions through the Mavrodi Mondial Moneybox (MMM) Ponzi scheme within six months, the 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has revealed.

Monday, 22 May 2017

Experts tell central bank to reduce MPR to 12 per cent

Some financial experts on Monday called for a downward review of the Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) to 12 per cent from 14 per cent, to enhance economic recovery.

Sunday, 7 May 2017

Download ALAT App Apk, Wema Bank Lunches Digital Banking

WEMA Bank Plc has launched a full digital banking service, named ‘ALAT’, which it says, signifies the beginning of a revolution in the banking industry; one where the needs of customers are met using technology to provide cheaper, faster and better services. At the moment, a large part of banks’ digital initiatives looks at delivering existing services cheaper, faster and better. The bank is targeting about 3 million customers through the use of the ALAT app technology.

Top 5 Banks For SME Business Owners In Nigeria By Ranking

The banking industry in Nigeria has witnessed a lot of reforms and the evolution of a robust, strong and reliable financial institution is underway. Although Nigerian banks, specifically money deposit banks are yet to be where they should be in terms of a distress proof system as well as a system created to grow the Nigerian economy.
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Wednesday, 3 May 2017

CBN sanctions 12 banks for denying forex access to SMEs

CBN sanctions 12 banks for denying forex access to SMEs

CBN has sanctioned banks denying Small and Medium Enterprises (SMEs) access to foreign exchange (Forex) from the newly instituted SMEs Forex Window

The SME window which opened about two weeks ago is designed to help SMEs import eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter - Eight banks avoided the CBN's sanction while 12 banks were barred 

Friday, 21 April 2017

Central bank stops interchange charges on electronic payment

Central bank stops interchange charges on electronic payment


The Central Bank of Nigeria (CBN) has suspended the implementation of interchange regime on electronic payment that involves merchant service until further notice.

Director, banking and payments system department, CBN Mr Dipo Fatokun, ​said this ​in a signed circular to merchant acquirers, card issuers, card schemes, among other stakeholder​s.
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Saturday, 21 January 2017

"Identity Check Mobile" MasterCard Announces New Payment App

"Identity Check Mobile" MasterCard Announces New Payment App



In the quest to improve reliability, security and speedy transactions online, MasterCard has announced the roll out of the "Identity Check Mobile", a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping.

Friday, 18 November 2016

How and why people commit efraud

How and why people commit efraud



Pressure, opportunity and rationalization form the fraud triangle, which information technology security experts now believe are reasons why people commit electronic fraud.
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SCAM ALERT: Do Not Fall For This Online and Bank Scam

PLS FOR MOSTLY PEOPLE THAT USE BANK MOBILE APP, BE CAREFUL OF THIS UNSCRUPULOUS ELEMENTS WHO ARE SCAVENGING FOR PEOPLE THEY WILL PREY ON BY SENDING YOU A MAIL USING YOUR BANK AS THE SENDER ADDR.

Saturday, 5 November 2016

Know How To Use Diamond Bank Online Self Service

Know How To Use Diamond Bank Online Self Service


  Diamond Bank Online Self Service is a newly introduced service that allows customers to access some basic features on their bank accounts. This makes it more easier to perform certain fundamental transactions and enquiries without the need to visit the bank halls physically or cueing at the ATM

Tuesday, 18 October 2016

Heritage Bank Schoolympics project has been endorsed Lagos govt.

Heritage Bank Schoolympics project has been endorsed Lagos govt.


Lagos State Government has endorsed the Heritage Bank Schoolympics project, an initiative of Heritage Bank Plc, aimed at building a heritage of champions through youth sports competition at the secondary school level

Saturday, 15 October 2016

CBN to Begin Special FOREX Intervention for Airlines

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CBN to Begin Special FOREX Intervention for Airlines

The Central Bank of Nigeria (CBN) has approved a Special Secondary Market Intervention Retail Sales (SMIS) for airlines operating in the country to enable them to access foreign exchange.