Banks: Fraudsters Fleecing Customers Saving Accounts
There’s a chip they are using to defraud customers, either from inside the bank or it’s planted with the POS machine.
Banks & Markets
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BoA on N1.5tr Recapitalisation Drive to boost lending
The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector. In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure…
Afreximbank disburses $50bn in Nigeria in 10 years
The Africa Export-Import Bank (Afreximbank) has disbursed $50 billion for the execution of various projects in Nigeria in the last 19 years. The President of the bank, Prof. Benedict Oramah, disclosed this during the recently commissioned Afreximbank Africa Trade Centre, AATC, in Abuja, where he also reaffirmed the Bank’s vision to dismantle trade barriers and…
CBN Advises Exporters on Export Financings At Banker’s Committee Meeting
Cover image: CBN Governor, Olayeni Cardoso The Central Bank of Nigeria (CBN) has called on local manufacturers and exporters to explore financing opportunities available through various government agencies as part of broader efforts to ease pressure on the naira and strengthen the country’s export base. Dr Aisha Olatiwon, the Director of Consumer Protection and Financial…
Diamond Bank’s Founder, Pascal Dozie Is Dead
Pascal Gabriel Dozie ,the founder of the defunct Diamond Bank Plc and former Chairman of MTN Nigeria, has died at the age of 85. The family sources, said that he died in the early hours of Tuesday, April 8, 2025, just a day before his 86th birthday, after a battle with an age-related illness. Dozie…
CBN Safekeeping Dormant Accounts Money for Customers Against Banks Fraud
“Concerning dormant accounts, what I found personally is if you leave accounts dormant in banks, they are more susceptible to fraudsters copying your identity and trying to gain hold of the system to grab your money. So, that is a problem I think most money banks face. “The policy and the directive are meant to…
What Are The Benefits of Foreign Reserves?
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, says that the country’s foreign reserves had exceeded $40 billion . Foreign reserves play a vital role in maintaining economic stability, supporting monetary policy, and ensuring a country’s ability to participate in international trade and finance. Governor Cardoso attributes the growth in the…
Access Bank Lagos City Marathon 2025: A Tribute to Legacy, A Celebration of Resilience
As Lagos gears up for the highly anticipated Access Bank Lagos City Marathon on Saturday, February 15, 2025, excitement and emotion run high. This year’s edition is much more than a race, it is a moving tribute to legacy and a celebration of resilience. Under the evocative theme “Miles to Memories,” every stride taken by…
Wema Bank Prepares for 80 Years Anniversary
Wema Bank is in top gear to prepare for its 80th-anniversary celebration set for Friday, May 2nd, 2025. Accordingly, the Bank has unveiled a new corporate identity reflecting its milestone celebration of 80 years. Established on May 2, 1945, the Bank originally operated as a private limited liability company under the name Agbonmagbe Bank Limited….
Access Bank Welcomes Uche Orji to the Board
The Board, Management, and staff of Access Holdings Plc have warmly welcomed Mr. Uche Orji to its Board as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc. ” I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5…