The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage levels across various banking sectors. For Deposit Money Banks (DMBs), the maximum deposit...
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that business transactions worth N204.5 trillion were performed electronically in Nigeria between January and July this year. This...
Bank customers across the country will from now be charged N35 per withdrawal from other banks’ Automated Teller Machines (ATM) instead of the former N65, the...
The newly introduced charges on bank deposit by the Central Bank of Nigeria (CBN) is expected to kick off today. According to the new policy, bank...
The Nigerian Electronic Fraud Forum, NeFF, has disclosed that that a total of 63,895 bank customers in Nigeria between 2017 and 2018, lost N3.6bn to cyberfraud....
