Saturday, December 14, 2024

 

banks

PalmPay Recovers $677m For Customers, As Banks’ Fraud Jumps 277% In Q2

As electronic payment platforms gain traction, the need for consumers to be conscious of their online security becomes paramount. Recent data highlights a surge in Nigerians adopting electronic platforms for day-to-day transactions. According to a recent report by the Financial Institutions...

CBN Threatens To Withdraw Banks’ Forex License Over Diaspora Remittance

The Central Bank of Nigeria, CBN, yesterday, threatened to withdraw foreign exchange dealership licences of banks that partner with International Money Transfer Operators, IMTOs, to violate its directive that beneficiaries of diaspora remittances should be paid in currency...

Power Firms Owe Banks N820bn, Sector’s Problems Persist

The debt owed to Nigerian banks by operators in the power sector rose by 11.85 per cent in one year to N819.97bn in August this year amid the lingering problems plaguing the sector since it was privatised over eight...
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Latest News

Gov. Abiodun Felicitates Akinwunmi Adesina On ‘African Of The Decade Award’

Ogun State Governor, Prince Dapo Abiodun has congratulated the President of the African Development Bank (AFDB), Dr. Akinwunmi Adesina,...
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UK Returnee Remanded For Alleged Smuggling ‘Loud’ To Nigeria

A Federal High Court, Lagos, has remanded a United Kingdom returnee, Olu Marshall, in the Correctional center, for allegedly import 700 grams of Canada...

Lagos bizwoman jailed 17 years for N57.6m fraud

A Lagos State High Court in Ikeja on Thursday convicted and sentenced a businesswoman, Oluremi Phillips, to 17 years imprisonment for defrauding a...

NCAA,NAMA,NiMet Visit Ogun,Certify Gateway Airport For Commercial Operations

A cross-section of regulatory agencies in the aviation industry visited the Gateway International Agro-Cargo Airport located along the Ilisan-Iperu axis of Ogun State on...

Court Imposes N3m Fine On 56 -Year-Old For Dealing In 517kg Of Cannabis, 112.9 Liters Of Codeine Syrup

A Federal High Court sitting in Lagos today convicted and sentenced a 56-year old Mushin-based, drug dealer, Kazeem Isiaka to three years imprisonment...