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Long queues as bank customers groan in Awka

Ihesiulo Grace 5 May 2020 0

Bank customers in Awka, the Anambra state capital on Monday had a hectic time in their bid to get into the various banking halls to access bank services. The ease of four weeks total lockdown announced by Governor Willie Obiano of Anambra state took effect on May 4. Journalists who monitored

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Downward review of bank charges will affect bottom line of banking industry — CIBN

Ihesiulo Grace 30 December 2019 0

The Chartered Institute of Bankers of Nigeria (CIBN) said on Sunday that the downward review of bank charges would affect the net earnings and income of the Banks. Dr. Uche Olowu, the CIBN Chairman, told News Agency of Nigeria (NAN), however, that the review was designed to ameliorate people’s complaints about the charges. “So, the […]

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Despite awareness, over 25m bank customers yet to enroll for BVN

Ihesiulo Grace 5 November 2018 0

…Account holders linked with BVN hit 46.1m …As banks record N19.77bn fraud, forgery cases in 6 months Not less than 25.7million bank customers are yet to be captured in the Bank Verification Numbers (BVN) exercise as at June 30, 2018, the Central Bank of Nigeria (CBN) has revealed. The apex bank stated that 64 per […]

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Bank customers with BVN now 33.95m – NIBSS

Ihesiulo Grace 23 July 2018 0

Total bank customers with Bank Verification Number (BVN) stood at over 33.95 million as at July 15, 2018, data obtained from the Nigeria Inter Bank Settlement System Plc (NIBSS) has revealed. This development simply means that 46.7per cent of the 72,696,254 active account holders have registered on BVN initiative of the Central Bank of Nigeria […]

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Bank customers panic as BVN deadline expires today

Ihesiulo Grace 3 November 2017 0

Ï N3trn Diaspora’s fund threatened over accounts seizure Ï Banks’ liquidity, economy may be affected Ï BCAN, Abike-Dabiri, others plead for extension Motolani Oseni, Lagos and Francesca Iwambe, Abuja As the deadline date for the new interim court order obtained by the Federal Government to freeze all accounts – corporate and individual – without Bank […]

Business

E-payment transactions hit N40.5tr in 2016 – CBN

Ihesiulo Grace 20 April 2017 0

The Central Bank of Nigeria (CBN) has disclosed that value of electronic transaction in the banking sector crossed the N40 trillion threshold to N40.5 trillion in 2016 to reflect the growing public confidence in the system as a result of the convenience of electronic transactions and sensitization. The Financial System Stability Report (FSSR) by CBN […]