Deadline For Bank Accounts Without BVN Ends - Check Date

The deadline for customers of Microfinance Banks (MfBs) and Other Financial Institutions (OFIs) without Bank Verification Number (BVN) linked to their accounts has elapsed on January 1,2018.

If the directive by the Central Bank of Nigeria (CBN) earlier in the year is anything to go by, such customers will be unable to make withdrawals from their accounts henceforth.

The BVN enrolment is a brainchild of the apex bank and the Bankers’ Committee, a body of banks’ managing directors and the CBN.

Davido nabs Endorsement Deal with First Bank of Nigeria

Davido is prepping for his 30 Billion concert and the music star has nabbed a new endorsement deal with First Bank of Nigeria.

He shared the news on his social media page today with the bank’s Instagram handle also sharing a few photos.

Abuse naira and go to jail, warns

The Nigerian central bank warned Nigerians on Friday of abusing naira notes.

The apex of the bank said that anyone caught abusing the naira would be prosecuted and, if convicted, was punishable by six months in prison with a N50,000 fine.

Mr. Samuel Shuaibu, the official Department of the CBN currency Operations in Abuja, found it in Calabar, the Cross River State, to launch a "Fair CBN" educating the resident population on the proper use of naira.

The theme of the exhibition was: Promoting Financial Stability and Economic Development.

Tony Elumelu receives the Dwight D. Eisenhower Global Entrepreneur Award for 2017

Philanthropy UBA and President Tony Elumelu were named recipient of Global Entrepreneur 2017 Dwight D. Eisenhower.

He was honored by awarding the BCIU(Business Council for International Understanding), a non-profit organization in the United States, dedicated to building relationships and promoting dialogue between companies and governments around the world. world.

Peter Tichansky, president and CEO of the BCIU, described Elumelu as a visionary entrepreneur. He said:

GTBank is emerging at the best bank in Nigeria

The first African financial institution; The Guaranty Trust Bank plc (GTBank) is recognized as the Bank of the Year in Nigeria 2017 at the Banker Awards in London, United Kingdom.

Banker, the Financial Times publication, is the world's first monthly world magazine for the banking industry with more than 90 years of expertise in editorial development in the banking sector in Africa and around the world. Banker Awards are considered to be an industry standard for banking excellence, recognition and glory to the successes of individuals and financial institutions in the global banking industry.

PFA as the next investment destination, the FCMB example with inherited retirement

If pension is considered to be an invaluable source of income for retirees, and the federal government of Nigeria is so motivated, a retirement pension plan for 2004 has been introduced, it should not be surprising that at 13, the pension industry increased to 6.02 billion of under-management.

Growth rate is quite unusual compared to the 125-year Nigerian banking sector, which is equivalent to just over 30 billion niggers.

In addition to the rapid growth of the sector, to the extent that pension fund managers have met the expectations of their users loss? What difference does Legacy Pension Limited distinguish? Why has FCMB Group Plc decided to increase its share from 28.2% to more than 88% in this retirement company?

Diamond Bank to Sell its West African Banking Operations to Focus on Nigeria

Diamond Bank Plc (“Diamond Bank”) – Nigeria’s fastest growing retail bank – is selling its West African banking operations in order to focus on Nigeria’s significant retail banking opportunity.

Diamond Bank has agreed to sell its operations in Benin, Togo, Cote d’Ivoire and Senegal to Manzi Finances S.A., a Cote d’Ivoire-based financial services holding company. Regulatory approvals have been obtained in all jurisdictions for the transaction, which is anticipated to close before December 31, 2017.

Barclays Bank asks Nigerians with less than £100,000 to close their accounts

Barclays Bank has asked expatriates, including Nigerians, with less than £100,000 deposit to close their accounts.

In a letter dated June 12, 2017, the bank informed the customers that would be affected by the policy of its decision to raise the minimum client balance requirement for international banking service

Bank of Ghana supports offshore banking services

The Bank of Ghana is in talks with two commercial banks which plan to set up offshore specialized banking services for the country’s free trade zone.

Official of the Board of the Free Trade Zone, Michael Okyere, confirmed the discussions.

The specialized type of banking will enable enterprises in the Free Trade Zone to function effectively, especially, in meeting export arrangements.

Diamond bank releases official statement, confirms fire incident in Apapa

An official statement from Diamond bank after an irate mob set their branch in Apapa, Lagos on fire, after a mobile policeman attached to the bank shot a tanker driver dead.

GTBank Naira MasterCard Limits Lifted for Foreign Transactions to $1000

GTBank Naira MasterCard Limits Lifted for Foreign Transactions, after several months of inconvenience. The previous limit has led to many of the business owners, Bloggers and internet marketers to get a dollar account with MasterCard just to purchase or renew one stuff or the other.

World Bank Reported that Child Marriage will Cost Trillions of Dollars by 2030.

Child marriage will cost developing countries trillions of dollars in the next decade, seriously hampering global efforts to eradicate poverty, the World Bank said on Tuesday.

An estimated one in three girls in the developing world is married before the age of 18, with one girl married off every two seconds, according to experts.

Etisalat’s Debt Crisis: Finally, CBN Intervenes in Etisalat’s Debt Crisis

On saturday been 23rd of june, CBN Governor Mr. Godwin Emefiele handed the directive to urge the consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company.

See 10 Banks That Took Over Etisalat Nigeria

Yesterday, We posted how Access Bank took over Etisalat but it's now revealed that it's not just Access Bank but Ten Nigerian banks in total were involved in the massive lending service to Etisalat that cumulated to some billions of Naira.

Olamide becomes Sterling Bank ambassador

Nigerian hip hop recording artist, Olamide Adedeji, popularly known as Olamide Baddo is now a Sterling bank ambassador.

5 naira note dispensed by ATM machine according to a Nigerian man

Facebook user, Ayo Morgan Adeyemi was allegedly paid 5 naira note alongside 500 naira notes as he withdrew money from a GTB ATM yesterday.

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.

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.