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Identity Challenge impedes SMEs Financing – Heritage Bank MD

Sekibo   The Nigerian government must resolve the identity management system challenges in the country to empower commercial lenders to extend credit to Small and Medium...

MD/CE, NDIC bags FICAN award

Photo News:   NDIC's Director, Communication & Public Affairs,  Bashir Nuhu (Left) receiving Award of Special Recognition for Support to Finance Correspondents Association of Nigeria, FICAN,...

Emefiele Harps on infrastructure growth to boost productivity

Emefiele The Central Bank of Nigeria, CBN, Governor, Godwin Emefiele has disclosed that the country’s infrastructure has to improve by at least between 5 to...

N70billion AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping

Ibrahim From all indications, the last may not have been heard about the high-profile debt case involving businessman Jimoh Ibrahim and his companies and the...

CBN orders travelers to return unused forex

Travelers who buy foreign exchange from banks for travel purposes but fail to embark on the trip two weeks after their scheduled travel date...

CBN Directs Banks, PSBs to Disaggregate Bulk Payments

The Central Bank of Nigeria, CBN, has instructed banks and Payment Service Providers, PSBs, to separate all transactions that would normally categorised as bulk...

Forex Ban: CBN Directs Banks To Publish Names Of Defaulters

The Nigerian Central Bank has directed all commercial banks in Nigeria to publish on their websites the names and Bank Verification Numbers of customers...

CBN threatens prosecution of forex policy defaulters

Emefiele The Nigerian Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central Bank of Nigeria. The banks...

Revealed: Six ways bankers defraud depositors

Stories of bank staff standing trial or already sentenced for malfeasance or corruptly enriching themselves at the expense of bank depositors abound. Only last week,...

NDIC COMMENCES PAYMENT OF LIQUIDATION DIVIDENDS TO DEPOSITORS, OTHER STAKEHOLDERS IN 14 CLOSED BANKS

  The Nigeria Deposit Insurance Corporation, NDIC, has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14...

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