The Nigeria Deposit Insurance Corporation (NDIC) has initiated the auction process for the landed properties and chattels of Heritage Bank, as part of efforts to ensure the timely distribution of liquidation dividends to uninsured depositors of the failed bank. This action, as stated by NDIC spokesperson Bashir Nubu, is in line with the Corporation’s legal … Read more
FirstBank has reassured its customers that the transition to a new cloud-based procurement and financial platform, set to begin on Saturday, October 26, will not disrupt banking services. While the bank had previously noted potential service disruptions, it clarified that these would affect vendors, not customers. EDITOR’S PICKS BREAKING: Tinubu Arrives Abuja After Two-Week Working … Read more
Guaranty Trust Bank (GTB) has informed its customers about an upcoming migration to a new core banking application system, which will result in temporary disruptions to banking services. The transition to the advanced Finacle Core Banking Application Systems is scheduled to begin on Friday, October 11, 2024, and is expected to conclude by Monday, October … Read more
The Central Bank of Nigeria (CBN) has begun the process of appointing new directors to replace those who were relieved of their positions, including several who retired approximately 11 months ago. An internal advertisement published by the apex bank, which was reviewed by Daily Trust, provided this information. The advertisement indicates that the CBN is … Read more