Tag Archives: Banks

Banks in Nigeria to Identify Customers by Fingerprints in 2014

Posted ago by Elsie

  The Central Bank of Nigeria and the Bankers Committee yesterday sealed a biometric solution pact with a German Firm, Dermalog, for the development of a payment system that would be driven by fingerprints. The move, according to the CBN …

Banks Disbursed N109Billion to 20 Power Firms.

Posted ago by Kowope

Eleven Deposit Money Banks had so far disbursed the sum of N109.3bn to 20 companies from the N300bn Power and Airlines Intervention Fund provided by the Central Bank of Nigeria in 2010, the Governor, CBN, Mr. Lamido Sanusi, said on …

Banks on the Edge of Sever Liquidity Crisis Due to CBN Policies

Posted ago by Elsie

Following the Central Bank of Nigeria’s decision to impose 50 per cent cash reserve requirement (CRR) on public sector deposits, banks in the country seem to be facing a severe liquidity crisis.  Recent data show that banks, discount houses and …

EFCC Arrests Man With 30 ATM Cards And 8 Signed Cheques

Posted ago by admin

Below is a press release from the Economic and Financial Crimes Commission, EFCC The Economic and Financial Crimes Commission has arrested one Kingsley Mudi over alleged ATM fraud. He was picked up at about 11 pm on August 2, 2013 …

Banks To Stop Charging N100 For Inter-bank ATM Withdrawals.

Posted ago by admin

The Bankers Committee said yesterday that users of ATMs will no longer pay N100 on withdrawals whenever they use banks other than theirs. The MD of First Bank, Bisi Onsanya told journalists that the decision was in line with ‘popular trends’ …

Seven Nigerian Banks Ranked Amongst World’s Top 1000.

Posted ago by admin

Seven Nigerian banks have been featured in a ranking of the Top 1000 banks in the world. The list is compiled by The Banker magazine, a publication of the Financial Times of London. The seven Nigerian banks are Zenith Bank, …