BANKING

The Fiscal Responsibility Commission (FRC) says it has notified about 14 banks and financial institutions allegedly granting loans without due process to state governments. Executive Chairman of the FRC, Mr Victor Muruako, made the disclosure at a Transparency and Accountability Sensitisation Workshop for the South West in Lagos on Monday....

The Nigeria Deposit Insurance Corporation (NDIC) is currently settling the liquidation dividends of depositors of banks whose licenses were revoked by the Central Bank of Nigeria (CBN). The Managing Director of the Corporation, Mr Bello Hassan, said this in an interview on the sidelines of the 2021 Financial Correspondents Association...

  All is now set for the various activities to mark this year’s Ecobank Day across 33 African countries where it operates. The Ecobank Day which is a flagship annual event when staff of the pan African bank show commitment and give back to local communities where the bank has...

Leading innovative financial institution, Wema Bank, has once again raised the bar of positive customer experience by hosting its esteemed High Net-worth Individuals (HNIs) in Northern Nigeria and reaffirming its commitment to their satisfaction. At the well-attended meeting held at Transcorp Hilton, Abuja, the bank appreciated the high net worth...

Due to popular customers demand, Ecobank Nigeria has flagged off Season Two of its Super Reward programme. Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria, who announced the commencement of the Season Two campaign in Lagos, said the bank was impressed with the excitement generated in Season One, stressing that the...

The Bank of Industry (BoI) has become a signatory to the United Nations (UN) Principles for Responsible Banking. Mr Olukayode Pitan, Managing Director of BoI, has said. The News Agency of Nigeria (NAN) reports that the UN principles for responsible banking is a single framework for a sustainable banking industry....

In a bid to firmly entrench a customer-first attitude with enduring service culture, Unity Bank has launched a new service charter and Hall of Fame for staff. This is to create an exceptional customer experience as the Bank celebrates the 2021 Customer Service Week. Unveiling the Service Charter, the Managing...

 A security consultant, Chief Williams Fadoju, has urged Chief Godwin Emefiele, the Governor, Central Bank of Nigeria (CBN), to work toward the protection of rights of bank customers against sharp practices.Fadoju, in an interview with the News Agency of Nigeria (NAN) on Sunday in Ibadan, said if the issue was...

The Central Bank of Nigeria (CBN) has directed commercial banks and Payment Service Providers (PSPs) in the country to improve on all bulk payments and transfers systems to ensure transparency. Mr Jimoh Musa, CBN’s Director, Payment System Management Department, gave the directive on Monday, in a memo addressed to banks...

    Managing Director/Regional Executive, Ecobank Nigeria Ltd, Patrick Akinwuntan has said the bank initiated Super Reward Scheme to deepen savings amongst Nigerians, reward and assist customers’ businesses. The Managing Director who was speaking at the presentation of Super Reward grand prize of N1 million cheque to each of the...