UBA, three other banks pay N1.38bn fine for money laundering
The United Bank for Africa (UBA) Plc and three other banks have paid a fine to the tune of N1.38 billion. ICIR reports that the fine was for…
First Bank Pushes Financial Inclusion Drive In Schools
First Bank of Nigeria Limited, has reassured customers of its commitment towards financial inclusion in the country as it joined the rest of the world to participate in…
Nigeria’s Largest Islamic Bank, Announces Highest Profit in 5 Years
The largest Islamic bank in Nigeria, Jaiz Bank has reported its highest profit in five years. This was revealed in the bank’s 2022 financial statement submitted to the…
PoS Operators Refuse to Roll Back Withdrawal Charges
As Nigeria’s cash scarcity situation continues to ease, customers are expressing disappointment as Point of Sale (PoS) operators have refused to fully reduce their withdrawal charges.Information Guide Nigeria…
IMF Urges CBN to Sustain Anti-Inflation Campaign Ahead of Tinubu’s Presidency
The International Monetary Fund (IMF) has called on the Central Bank of Nigeria (CBN) to continue its anti-inflation campaign ahead of the expected presidency of Bola Tinubu from…
Cryptocurrency investors lose $452m to hackers, scammers in three months
De.Fi, an antivirus and app provider firm, has revealed that the Cryptocurrency market lost $452 million to hacks and scams in the first quarter (Q1) of 2023. RIPPLESNIGERIA…
Budget Office paid N19bn to MDAs without approval; Senate demands refund
The Senate has indicted the Budget Office of the Federation for approving N19 billion to four ministries, department and agencies, MDAs, without the approval of the Minister of…
Oil marketers seek access to gas intervention fund ahead of subsidy removal
The Independent Petroleum Marketers Association of Nigeria (IPMAN) have written to the Federal Government seeking for access to the N250 billion intervention fund for the National Gas Expansion…
Wema Bank Virtual Account; How it Works, Requirements, Benefits
Wema Bank, one of Nigeria’s leading banks, offers its customers a virtual account solution that is designed to make banking more accessible and more convenient. The Wema Bank…
Why Can’t I Transfer Money to Wema Bank; Reasons and Possible Solutions
There could be several reasons why you are unable to transfer money to a Wema Bank account. In this article, we will discuss some of the common reasons…