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Tag: financial institutions

CBN Revokes Licences Of Eight Payment Service Providers

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has revoked the operating licences of seven payment service providers and one payment switching firm. The affected firms are Easifuel Limited, Transaction Processing SystemRead More

Hope PSBank Begins Operations, Promises Seamless Digital Banking

Hope PSBank
Hope PSBank, a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital-first bank has commenced operations. The payment service bank has promised seamless digital banking in its bid toRead More

Access Bank Grows Profit By 16% To N102bn In Nine Months

Access Bank
Access Bank Plc’s unaudited results for the nine months ended September 30, 2020, has shown that the bank delivered strong top line figures despite the challenging landscape occasioned by COVID-19Read More

Money Laundering: EFCC Lists Requirements For Registration Of Law Firms, Lotteries, Casinos, NGOs

The Economic and Financial Crimes Commission (EFCC)
Closes defence in N5m fraud case against Benue Deputy Speaker, others In its bid to contain money laundering activities in the country, the Economic and Financial Crimes Commission (EFCC) hasRead More

FG Under Fire For Tagging #EndSARS Campaigners Terrorists

Minister of Information and Culture, Alhaji Lai Mohammed
Government turning Boko Haram insurgents to freedom fighters, protesters terrorists It is an attempt to intimidate state panels of inquiry, alleges Ozekhome FG insincere, pretentious, says NBA To govt, treasuryRead More

Banks Count Losses To Hoodlums, Say 67 Branches Destroyed

Damaged ATM
Insurers move to assess damages for claims’ payment Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake ofRead More

Shares Of Major Cannabis Producers Soar As Kamala Harris Vows Joe Biden Would Decriminalize “Weed”, If Elected

Kamala Harris
US-listed shares of major cannabis producers have climbed up in value, after US Democratic Vice President nominee, Kamala Harris, said that marijuana would be decriminalized at a federal level inRead More

Banks To Take Over Electricity Bill Collections

Electricity Bill
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) providing bank guarantees to Nigeria Bulk Electricity Trading (NBET) Plc and the Transmission Company of Nigeria (TCN) onRead More

Labour Ministry, Senators Clash Over Banking Bill Amendments

Minister of Labour, Chris Ngige
The relationship between the Ministry of Labour and the National Assembly worsened on Wednesday when the representative of the Minister of Labour, Chris Ngige, clashed with members of the SenateRead More