Elderly man seizes Bank Signboard over Unexplained Debit Alerts
An elderly man sparked drama after taking away bank signboard to protest repeated unexplained debit alerts on his account.
Banks
Nigerian Banks resume International Transactions on Naira Cards
Commercial banks in Nigeria have announced the resumption of international transactions on their naira cards. After years of suspension, United Bank of Africa (UBA), Wema Bank, and GTBank said in separate announcements to customers that the service has recommenced on their naira cards. “In line with our continued commitment to providing you with seamless and … Read more
CBN fines Nine Banks N150m each for ATM Cash Shortage
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines. The affected banks include; Fidelity Bank … Read more
Service Providers issued ultimatum to deactivate USSD Service over N250b Bank debts
Except there is any other intervention, telecommunication companies (Telcos) have issued an ultimatum to suspend Unstructured Supplementary Service Data (USSD) services due to unpaid bank debts amounting to N250 billion. There are indications emerging on Monday that the telecoms operators have concluded plans to suspend the Unstructured Supplementary Service Data (USSD). This is as a … Read more
Access Bank announces temporary shut down of services
Access Bank has announced that it will temporarily shut services for a system upgrade aimed at optimising its offerings to customers. This was contained in an email sent to its customers on Tuesday, October 7, 2204. According to the bank, the upgrade will take place in phases, starting on Saturday, October 12, at 10 pm … Read more