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Banking and Finance

Nigerians to pay higher charges for ATM withdrawals

NIGERIANS will be paying higher charges starting from March 2023, for withdrawals at commercial banks’ Automated Teller Machine (ATM),...
Harrison EDEH -
Business and Economy

CBN’s interest hike favours banks with N2.4 trillion income, hampers business lending

COMMERCIAL banks' earnings from interest income rose significantly in the first quarter of the year, with N2.4 trillion in...
Ehime ALEX -
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Banking and Finance

Seven Nigerian banks face N14.18trn claims from court cases

SEVEN commercial banks in Nigeria face several court cases amounting to N14.18 trillion claims against them. The ICIR analysis of...
Ehime ALEX -
Banking and Finance

CBN suspends processing fees on huge cash deposits

THE Central Bank of Nigeria (CBN) has suspended charging processing fees of two and three per cent on all...
Harrison EDEH -
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News

EFCC arrests bank manager for hoarding new naira notes

OPERATIVES of the Economic and Financial Crimes Commission (EFCC) have arrested an Operations Manager of a leading commercial bank...
Bankole ABE -
Banking and Finance

Banks are not collecting new notes, CBN says as deadline nears

THE Central Bank of Nigeria (CBN) has revealed that commercial banks are refusing to collect the new naira notes. The...
Faith ABEKA -
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