Nigerian Banks

Nigerian Bank Customers Protest Unauthorised Deductions, Seek CBN Intervention

Sep 7, 2025. by Praise Ben

Nigerian Bank Customers Protest Unauthorised Deductions, Seek CBN Intervention. BCAN petitions CBN, vows stronger advocacy against exploitative charges. Banks defend deductions, citing compliance with CBN tariff guide. Bank customers across Nigeria are voicing growing frustration over what they describe as unauthorised and excessive deductions from their accounts, urging the Bank Customers Association of Nigeria (BCAN) … Read more

Debate Continues: Northern Groups List Conditions For Supporting Tax Reform Bills

Dec 8, 2024. by Praise Ben

As opposition grows against the proposed Tax Reform Bills in the National Assembly, influential Northern groups have expressed concerns over the potential economic implications for the region. These groups, while acknowledging the importance of tax reforms, have insisted on specific conditions to ensure the measures do not exacerbate the North’s existing economic challenges. The opposition … Read more

Yuletide: Cash Scarcity Persists Despite CBN’s Directives To Banks

Dec 8, 2024. by Praise Ben

Despite recent directives from the Central Bank of Nigeria (CBN) to curb artificial cash scarcity, findings indicate that the situation remains dire in parts of the country. A November 29 circular, signed by Acting Directors Solaja Olayemi and Isa-Olatinwo Aisha, directed Deposit Money Banks to ensure efficient cash disbursement via ATMs and over-the-counter channels, warning … Read more

Ensure Nationwide Availability Of Naira Notes -Shettima Tasks Banks

Dec 7, 2024.Dec 7, 2024. by Ekohot Editor

Vice-President Kashim Shettima has urged Nigerian Deposit Money Banks (DMBs) to ensure seamless availability of Naira notes to the banking public. Shettima made the call on Friday in Abuja, at the 2024 Bankers ‘ Committee Retreat. He was represented by Tope Fasua, Special Adviser on Economic Affairs, Office of the Vice-President. He urged the committee … Read more

Retirement Of 1000 Workers Completely Voluntary – CBN

Dec 4, 2024. by Praise Ben

The Central Bank of Nigeria (CBN) has clarified that its Early Exit Package (EEP) is voluntary, with no negative consequences for eligible staff members who choose not to participate. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce Shortage Crisis Erupts at Celestial Church of Christ in Lagos Over N5m Donation EFCC Alleges Nigerian … Read more

EFCC Alleges Nigerian Banks Are Channels for Money Laundering

Nov 23, 2024. by Ekohot Editor

The Economic and Financial Crimes Commission (EFCC) has raised concerns over the role of Nigerian banks in facilitating financial crimes, urging them to avoid becoming tools for fraud. EFCC Chairman, Ola Olukoyede, issued this caution on Friday during a courtesy visit by the management of Moniepoint, led by its Founder and Group CEO, Tosin Eniolorunda, … Read more

CBN Uncovers Fake SWIFT Message Scheme, Warns Public Against Fraud

Nov 20, 2024. by Ekohot Editor

The Central Bank of Nigeria (CBN) has uncovered a new fraudulent scheme involving fake SWIFT messages and has warned Nigerians and the public to be cautious of falling victim to scammers. In a statement issued on Tuesday, CBN spokesperson Hakama Sidi Ali clarified that the bank does not offer correspondent banking services for Nigerian banks … Read more

Another Protest Coming, Petrol Price Will Hit N1,300 – Nigerian Prophet Warns

Aug 23, 2024. by Praise Ben

Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church, has issued a stern warning to President Tinubu, urging him to take immediate action to prevent a massive protest that could cripple the Nigerian economy for two weeks. In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele emphasized that confusion will continue … Read more

Mobile Money: MTN Drags 18 Nigerian Banks To Court Over N22bn Fraud (Full Details)

Jun 27, 2022.Jun 27, 2022. by Praise Ben

Mobile Money: MTN Drags 18 Nigerian Banks To Court Over N22bn Fraud The banks listed as defendants in the suit include Ecobank, Fidelity Bank Access Bank, First Bank, First City Monument Bank, FCMB and Guaranty Trust Bank EDITOR’S PICK: Police Recover Unexploded IEDs At Owo Church Owo Church Attack “Targeted At Turning Yorubaland Into A … Read more

Banks Adjust Operations As COVID-19 Lockdown Eases

May 18, 2020. by Ekohot Editor

Nigerian Banks are adjusting their operations and introducing measures for customers to access the banking halls as the lockdown directives ease. While some have been sending lists of branches that will open during the week, other banks say use of face masks has become a mandatory requirement for every customer coming to the banking hall. … Read more

Lockdown Trauma: Access Bank To Sack Workers, Slash Salaries

May 1, 2020. by Ekohot Editor

Access Bank PLC is planning to sack some workers, slash salaries to remain operational as lockdown occasioned by coronavirus has drastically affected its income. According to a video seen by Ekohotblog, the Chief Executive Officer, Herbert Wigwe said Access Bank no longer need many tellers, security personnel and cleaners, as it currently has – which … Read more