Banks Deny Hoarding New Naira Notes
Commercial banks in Nigeria have denied hoarding the new naira notes amid strings of visits by security agencies to banks across the country.Information Guide Nigeria Recently, the Independent…
CBN orders banks to pay N20,000 new notes only over the counter
The Central Bank of Nigeria (CBN), has directed deposit money banks (DMBs) to commence the payment of the redesigned naira notes over the counter.Information Guide Nigeria The CBN…
Banks’ total assets rise 19% to N63trn in 9 months
The total assets of deposit money banks in Nigeria increased 19.04 percent Year-over-Year (Y-o-Y) from N53.1 trillion in the same period of 2021 to N63.2 trillion in the…
Access Diamond Bank Transfer Code 2023: See How to Transfer Money via USSD Code
Access Diamond Bank Transfer Code 2023: See How to Transfer Money via USSD Code. Wondering how you can easily make use of USSD features on mobile phones to…
FG orders banks, telcos to conduct environmental audits
The Federal Government has directed banks and telecommunications businesses to undergo environmental audits in their respective areas in order to protect the environment and eliminate toxic waste. It…
Bad debts weigh down banks as loan losses rise 25%
THE volume of bad debt recovered by banks declined 18% year on year, YoY, to N28.68 billion in the nine months ended September 30th, illustrating the severe impact…
Banks charge customers N715bn for electronic transactions, others
During the first nine months of 2022, eleven banks charged clients N714.61 billion in electronic fees and other commissions.Information Guide Nigeria According to the nine-month financial reports of…
Telcos, banks to collect VAT on taxable supplies
The Federal Inland Revenue Service has appointed MTN, Airtel, and deposit money institutions in Nigeria to withhold or collect value added tax on all taxable shipments made to…
List of 25 Banks In Nigeria and their Functions
In looking at the list of banks in Nigeria, I will be taking into consideration the commercial banks with international authorization, and national authorization, and regional authorization, and…
Top 6 Challenges Facing Banks in Nigeria
See the Challenges Facing Banks in Nigeria. Ever thought you had it going difficult? The frustration that accompanies the long and unending queues at the banks? The crowd?…