Bank chiefs back anti-graft policy, call for regular engagement

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Chief Executives of Nigerian banks have pledged to support the anti-corruption policies of the government. The CEOs spoke during an interactive session with the Economic...

EFCC to bank chiefs: Steer clear of election financing

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Nigeria’s anti graft agency, the Economic and Financial Crimes Commission (EFCC), has sought greater collaboration with financial institutions in the country as a way...

How Indian banks recover $1bn from defaulting billionaire

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Seventeen Indian banks have received 71.82 billion rupees ($967 million) by selling defaulter and former billionaire Vijay Mallya's stake in the United Breweries Ltd. According to a...

Bank MD bags 5-year jail term for N4.7m scam

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The Managing Director of Workman Microfinance Bank in Bauchi State, Sarita Aliyu Hello, has been sentenced to five years imprisonment on a two-count charge...

Kaduna seals FirstBank, GTB, Access, Sterling  branches over N300.5m unpaid taxes

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The Kaduna State Internal Revenue Service (KADIRS) has sealed the branch offices of four banks in Kaduna over N300.5 million unpaid taxes. Executive Chairman of...

CBN: Banks refunded N89.2bn to customers in June

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Commercial banks in Nigeria refunded N89.2 billion to customers as at the end of June 2021 over several complaints. Governor of Central Bank of Nigeria...

CBN picks Bitt Inc. as tech partner for eNaira

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The Central Bank of Nigeria (CBN) has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical Partner for its...

LOTUS Bank opens 3 new branches in Lagos

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The newest and third Non-Interest Bank (NIB) in the country, LOTUS Bank Ltd., has commenced operations in three new locations in Lagos State. Managing Director...

Sterling Bank unveils free banking services for NGOs

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Sterling Bank Plc. has unveiled Sterling CARES, a free banking service for non-governmental organisations (NGOs), to empower non-profit organisations across the country. This was disclosed...

MTN to offer 14% shares to Nigerian investors

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Telecommunications giant, MTN Nigeria, will soon offer 14 per cent of its shares to over two million Nigerian retail investors. The communications giant will also...