banks – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 12 May 2026 16:24:52 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png banks – InfoStride News https://www.theinfostride.com 32 32 Banks withdraw N1.76trn from CBN, keep more cash ahead of elections https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/ https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/#respond Tue, 12 May 2026 16:24:52 +0000 https://www.theinfostride.com/?p=483613 Commercial banks reportedly withdrew about ₦1.76 trillion from the Central Bank of Nigeria as they increased cash holdings in preparation for heightened liquidity demand typically associated with election cycles and related economic activities. The development reflects a broader trend in the financial system where banks adjust liquidity positions in response to anticipated cash demand spikes, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-withdraw-n1-76trn-from-cbn-keep-more-cash-ahead-of-elections/feed/ 0 Banks Grapple With Pressure as CBN Tightens Liquidity Rules https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/ https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/#respond Wed, 25 Feb 2026 16:10:24 +0000 https://www.theinfostride.com/?p=467764 Nigerian banks are bracing for fresh challenges as the Central Bank of Nigeria (CBN) rolled out new liquidity requirements that are already reshaping the financial landscape. The apex bank, in its latest policy move, raised the Cash Reserve Ratio on certain public sector deposits to an unprecedented 75 percent while lowering the reserve ratio on [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-grapple-with-pressure-as-cbn-tightens-liquidity-rules/feed/ 0 Reps Launch Investigation Into Tax Deductions and Multiple Charges by Banks https://www.theinfostride.com/reps-launch-investigation-into-tax-deductions-and-multiple-charges-by-banks/ https://www.theinfostride.com/reps-launch-investigation-into-tax-deductions-and-multiple-charges-by-banks/#respond Sun, 01 Feb 2026 21:00:56 +0000 https://www.theinfostride.com/?p=470451 The House of Representatives has commenced a comprehensive probe into what it described as excessive and unregulated tax deductions, illegal bank charges, and multiple levies imposed on customers by commercial banks across Nigeria. This move follows growing complaints from individuals, small businesses, and corporate bodies over what they consider exploitative financial practices by banks. Lawmakers [...]

Source from InfoStride News

]]> https://www.theinfostride.com/reps-launch-investigation-into-tax-deductions-and-multiple-charges-by-banks/feed/ 0 CBN Directs Banks to Ensure Secure Foreign Card Transactions Nationwide https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/ https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/#respond Sun, 21 Dec 2025 15:12:20 +0000 https://www.theinfostride.com/?p=473910 The Central Bank of Nigeria has directed all banks and financial institutions to implement enhanced security measures for foreign card transactions across the country, reinforcing efforts to protect customers from fraud and strengthen confidence in electronic payments. The move comes amid rising concerns over unauthorised transactions and cybercrime targeting Nigerians using international payment cards. According [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-directs-banks-to-ensure-secure-foreign-card-transactions-nationwide/feed/ 0 Banks Strengthen Capital Base as CBN Tightens Regulatory Controls https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/ https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/#respond Fri, 19 Dec 2025 14:30:59 +0000 https://www.theinfostride.com/?p=473766 Commercial banks in Nigeria are undertaking significant measures to bolster their capital base in response to the Central Bank of Nigeria’s (CBN) tighter regulatory oversight and renewed focus on financial stability. The development comes amid growing concerns over liquidity management, risk exposure, and the need to safeguard the integrity of the country’s banking sector. The [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-strengthen-capital-base-as-cbn-tightens-regulatory-controls/feed/ 0 Government Lacks Powers to Access Bank Deposits Without Judicial Approval Under New Tax Regime https://www.theinfostride.com/government-lacks-powers-to-access-bank-deposits-without-judicial-approval-under-new-tax-regime/ https://www.theinfostride.com/government-lacks-powers-to-access-bank-deposits-without-judicial-approval-under-new-tax-regime/#respond Sun, 14 Dec 2025 13:55:53 +0000 https://www.theinfostride.com/?p=473476 The Federal Government does not have the authority to access or seize funds in Nigerians’ bank accounts without obtaining a court order under the newly enacted tax laws, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Reports by Punch and other Nigerian news outlets indicate that the clarification was [...]

Source from InfoStride News

]]> https://www.theinfostride.com/government-lacks-powers-to-access-bank-deposits-without-judicial-approval-under-new-tax-regime/feed/ 0 Federal Government, Banks Target $20bn in Diaspora Funds to Boost Economic Growth https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/ https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/#respond Tue, 04 Nov 2025 14:53:06 +0000 https://www.theinfostride.com/?p=470777 The Federal Government, in collaboration with key Nigerian banks, has unveiled plans to attract $20 billion in diaspora funds as part of a broader strategy to strengthen foreign exchange reserves, support infrastructure development, and drive economic recovery. The initiative, which forms a major component of the government’s economic stabilization plan, seeks to leverage remittances and [...]

Source from InfoStride News

]]> https://www.theinfostride.com/federal-government-banks-target-20bn-in-diaspora-funds-to-boost-economic-growth/feed/ 0 Banks Should Support Innovation Beyond Big Corporates, Says Wale Edun https://www.theinfostride.com/banks-should-support-innovation-beyond-big-corporates-says-wale-edun/ https://www.theinfostride.com/banks-should-support-innovation-beyond-big-corporates-says-wale-edun/#respond Sun, 02 Nov 2025 14:41:42 +0000 https://www.theinfostride.com/?p=470629 Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has urged commercial banks to expand their support beyond large corporations and prioritize innovative ventures, startups, and small-scale entrepreneurs as part of efforts to drive inclusive economic growth. Speaking at an economic policy forum in Lagos, Edun emphasized that the nation’s financial [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-should-support-innovation-beyond-big-corporates-says-wale-edun/feed/ 0 CBN Intensifies Oversight on Banks Undergoing Recapitalisation https://www.theinfostride.com/cbn-intensifies-oversight-on-banks-undergoing-recapitalisation/ https://www.theinfostride.com/cbn-intensifies-oversight-on-banks-undergoing-recapitalisation/#respond Mon, 06 Oct 2025 12:46:50 +0000 https://www.theinfostride.com/?p=468393 The Central Bank of Nigeria (CBN) has reinforced its supervision of commercial banks currently undergoing the recapitalisation process to ensure transparency, financial soundness, and compliance with established regulatory standards. This move is part of the apex bank’s broader effort to strengthen the resilience of the financial system and enhance the capacity of banks to support [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-intensifies-oversight-on-banks-undergoing-recapitalisation/feed/ 0 Banks Deserve Fines for ATM Cash Shortages, Say Customers https://www.theinfostride.com/banks-deserve-fines-for-atm-cash-shortages-say-customers/ https://www.theinfostride.com/banks-deserve-fines-for-atm-cash-shortages-say-customers/#respond Thu, 16 Jan 2025 14:11:01 +0000 https://www.theinfostride.com/?p=400781 Nigerian bank customers have expressed support for the Central Bank of Nigeria (CBN) imposing fines on banks that fail to adequately load their Automated Teller Machines (ATMs) with cash. This follows widespread complaints about persistent ATM cash shortages, which have caused significant inconvenience to customers across the country. The issue has been particularly frustrating for [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-deserve-fines-for-atm-cash-shortages-say-customers/feed/ 0 Market Capitalization of Eight Banks Rises to ₦7.2 Trillion https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/ https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/#respond Mon, 30 Dec 2024 20:05:48 +0000 https://www.theinfostride.com/?p=399272 The combined market capitalization of eight leading Nigerian banks has surged to ₦7.2 trillion, reflecting increased investor confidence and strong performance in the financial sector. The significant growth underscores the resilience of the banking industry amidst economic headwinds and evolving market dynamics. The eight banks, which include some of Nigeria’s most prominent financial institutions, have [...]

Source from InfoStride News

]]> https://www.theinfostride.com/market-capitalization-of-eight-banks-rises-to-%e2%82%a67-2-trillion/feed/ 0 FCCPC to Impose Sanctions on Banks Over Service Disruptions https://www.theinfostride.com/fccpc-to-impose-sanctions-on-banks-over-service-disruptions/ https://www.theinfostride.com/fccpc-to-impose-sanctions-on-banks-over-service-disruptions/#respond Wed, 30 Oct 2024 21:23:58 +0000 https://www.theinfostride.com/?p=392733 The Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to sanction banks in Nigeria for recurring service disruptions that have impacted millions of customers nationwide. In recent months, customers have reported a surge in issues such as failed transactions, delayed payments, and inaccessible banking apps, with these outages often lasting for extended periods [...]

Source from InfoStride News

]]> https://www.theinfostride.com/fccpc-to-impose-sanctions-on-banks-over-service-disruptions/feed/ 0 Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax https://www.theinfostride.com/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/ https://www.theinfostride.com/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/#respond Sat, 20 Jul 2024 20:27:27 +0000 https://www.theinfostride.com/?p=383981 In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to the N209.608 billion incurred in 2022. Out of this total, N440.305 billion was specifically for that taxable year, 2023. This dramatic rise in tax expenses can be attributed to a substantial increase in pre-tax profits [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerian-banks-incur-n575-168-billion-in-taxes-in-2023-as-fg-plans-50-windfall-tax/feed/ 0 150 banks express interest in consumer credit scheme https://www.theinfostride.com/150-banks-express-interest-in-consumer-credit-scheme/ https://www.theinfostride.com/150-banks-express-interest-in-consumer-credit-scheme/#respond Fri, 28 Jun 2024 09:28:31 +0000 https://www.theinfostride.com/?p=381794 About 150 banks have expressed interest in participating in the lending ecosystem for the newly launched Consumer Credit Scheme. This was disclosed by the Special Assistant to President Bola Tinubu on social media, Dada Olusegun, on Thursday via his X (formerly Twitter) handle. Tinubu announced the launching of the first phase of the Consumer Credit [...]

Source from InfoStride News

]]> https://www.theinfostride.com/150-banks-express-interest-in-consumer-credit-scheme/feed/ 0 FG, banks begin talks on nationwide broadband rollout https://www.theinfostride.com/fg-banks-begin-talks-on-nationwide-broadband-rollout/ https://www.theinfostride.com/fg-banks-begin-talks-on-nationwide-broadband-rollout/#respond Thu, 27 Jun 2024 19:27:22 +0000 https://www.theinfostride.com/?p=381684 The Federal Government said on Wednesday it had made significant progress in discussions with Development Finance Institutions to establish a Special Purpose Vehicle aimed at expanding the nation’s fibre optic network by 90,000 kilometers. The Minister of Communications and Digital Economy Bosun Tijani highlighted a productive meeting with stakeholders that outlined the necessary steps for [...]

Source from InfoStride News

]]> https://www.theinfostride.com/fg-banks-begin-talks-on-nationwide-broadband-rollout/feed/ 0 Experts Want Government and Banks to Work Together on Inflation https://www.theinfostride.com/experts-want-government-and-banks-to-work-together-on-inflation/ https://www.theinfostride.com/experts-want-government-and-banks-to-work-together-on-inflation/#respond Tue, 28 May 2024 20:50:51 +0000 https://www.theinfostride.com/?p=379283 Financial analysts have stressed that Nigeria requires a cumulative 750 basis points interest rate hike implemented over the last three Monetary Policy Committee (MPC) meetings to effectively manage inflation. With the benchmark interest rate now at 26.5%, these measures are considered crucial, necessitating collaboration between monetary and fiscal authorities to achieve the desired outcomes. In [...]

Source from InfoStride News

]]> https://www.theinfostride.com/experts-want-government-and-banks-to-work-together-on-inflation/feed/ 0 Banks Sell $3.3 Billion as CBN Battles Fresh Naira Slump https://www.theinfostride.com/banks-sell-3-3-billion-as-cbn-battles-fresh-naira-slump/ https://www.theinfostride.com/banks-sell-3-3-billion-as-cbn-battles-fresh-naira-slump/#respond Sun, 18 Feb 2024 15:58:03 +0000 https://www.theinfostride.com/?p=370842 Amidst challenges in the foreign exchange market and a potential fresh decline in the value of the naira, Nigerian banks have reportedly sold $3.3 billion. This move is seen as part of the Central Bank of Nigeria’s (CBN) efforts to stabilize the naira and address the pressures on the foreign exchange market. As Infostride News [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-sell-3-3-billion-as-cbn-battles-fresh-naira-slump/feed/ 0 Nigeria’s Top 10 Banks: Capital Giants Unveiled https://www.theinfostride.com/nigerias-top-10-banks-capital-giants-unveiled/ https://www.theinfostride.com/nigerias-top-10-banks-capital-giants-unveiled/#respond Mon, 27 Nov 2023 22:20:53 +0000 https://www.theinfostride.com/?p=362295 After the CBN governor dropped hints about an upcoming recapitalization exercise for Nigerian banks, discussions have intensified regarding the capitalization levels of these financial institutions. According to information accessed by Nairametrics, Nigerian banks currently boast a combined capital base exceeding N11 trillion. This has led experts to question the necessity of further recapitalization. The existing [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerias-top-10-banks-capital-giants-unveiled/feed/ 0 Nigerian Banks Score Big: Rake in N265.269 Billion from 9-Month Electronic Business Boom https://www.theinfostride.com/nigerian-banks-score-big-rake-in-n265-269-billion-from-9-month-electronic-business-boom/ https://www.theinfostride.com/nigerian-banks-score-big-rake-in-n265-269-billion-from-9-month-electronic-business-boom/#respond Tue, 14 Nov 2023 16:54:30 +0000 https://www.theinfostride.com/?p=360465 In the initial nine months of 2023, Nigerian banks continued to harness the power of fintech, reporting a substantial total revenue of N265.269 billion from their electronic businesses. This marked a significant uptick of 24.42% compared to the N213.204 billion recorded in the corresponding period of 2022. This financial surge underscores the evolving landscape of [...]

Source from InfoStride News

]]> https://www.theinfostride.com/nigerian-banks-score-big-rake-in-n265-269-billion-from-9-month-electronic-business-boom/feed/ 0 Govenor Adeleke urges banks re-open Osun’s shuttered branches https://www.theinfostride.com/govenor-adeleke-urges-banks-re-open-osuns-shuttered-branches/ https://www.theinfostride.com/govenor-adeleke-urges-banks-re-open-osuns-shuttered-branches/#respond Fri, 14 Jul 2023 19:30:27 +0000 https://www.theinfostride.com/?p=350877 Ademola Adeleke, the governor of Osun, has urged bank CEOs to reopen closed branches in the state’s municipalities. The Governor gave the banks reassurance that a new Sheriff had arrived. Infostride News recalls that several bank branches in the state closed their doors due to insecurity after the July 16, 2022 gubernatorial election. Urban Alert, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/govenor-adeleke-urges-banks-re-open-osuns-shuttered-branches/feed/ 0 Banks Don’t Have New Naira, Money Changers Are Taking Advantage – Whitemoney https://www.theinfostride.com/banks-dont-have-new-naira-money-changers-are-taking-advantage-whitemoney/ https://www.theinfostride.com/banks-dont-have-new-naira-money-changers-are-taking-advantage-whitemoney/#respond Tue, 31 Jan 2023 21:33:08 +0000 https://www.theinfostride.com/?p=340763 Ex-BBNaija winner, Whitemoney has come out to share his experience in trying to get the new Naira notes following the deadline given by the Central Bank of Nigeria. He recently had his say via his Instagram page, and fans have been reacting. According to him, the new notes are not available in banks right now, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/banks-dont-have-new-naira-money-changers-are-taking-advantage-whitemoney/feed/ 0 Stop interest, loan collections – FCCPC says https://www.theinfostride.com/stop-interest-loan-collections-fccpc-says/ https://www.theinfostride.com/stop-interest-loan-collections-fccpc-says/#respond Thu, 17 Mar 2022 14:21:22 +0000 https://www.theinfostride.com/?p=320736 The Federal Competition and Consumer Protection Commission (FCCPC) has as part of its wide-ranging orders against unlicensed and illegal online money lending banks, has instructed them to stop compounding interest and loan collection practices that are presently undergoing investigations. This is as Nigerians have reacted to its ongoing enforcement exercise across the country against these [...]

Source from InfoStride News

]]> https://www.theinfostride.com/stop-interest-loan-collections-fccpc-says/feed/ 0 NDIC to pay N11bn to over 500,000 depositors of liquidated banks https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/ https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/#respond Sun, 12 Dec 2021 14:59:12 +0000 https://www.theinfostride.com/?p=314503 The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has established that the Corporation has paid a cumulative of N101.76 billion to over 535, 815 insured depositors of liquidated banks. Hassan, who was represented by the Zonal Director, Shehu Usman, at the NDIC special day at the 42nd Kano International Trade Fair, said [...]

Source from InfoStride News

]]> https://www.theinfostride.com/ndic-to-pay-n11bn-to-over-500000-depositors-of-liquidated-banks/feed/ 0 CBN issues banks, PSPs to process bulk payments on their platforms https://www.theinfostride.com/cbn-issues-banks-psps%e2%80%afto-process-bulk-payments-on-their-platforms/ https://www.theinfostride.com/cbn-issues-banks-psps%e2%80%afto-process-bulk-payments-on-their-platforms/#respond Thu, 09 Sep 2021 21:02:00 +0000 https://www.theinfostride.com/?p=307668 The Central Bank of Nigeria (CBN) has instructed banks and payment service providers (PSPs) to begin processing end-to-end bulk payments or transfers on their platforms and to keep a breakdown of the accounts that get credits in the sender’s bank’s custody. This was disclosed in a circular to the banks titled: “Disaggregation of Bulk Payments”, [...]

Source from InfoStride News

]]> https://www.theinfostride.com/cbn-issues-banks-psps%e2%80%afto-process-bulk-payments-on-their-platforms/feed/ 0 Eight banks lose N1.9bn to fraud in one year, https://www.theinfostride.com/eight-banks-lose-n1-9bn-to-fraud-in-one-year/ https://www.theinfostride.com/eight-banks-lose-n1-9bn-to-fraud-in-one-year/#respond Sun, 22 Aug 2021 20:16:16 +0000 https://www.theinfostride.com/?p=304548 According to its annual report, Polaris recorded a total of 134 cases of fraud in 2020 which comprise seven fraud categories, namely Automated Teller Machine fraud (43 cases), Internet bank fraud (three cases), mobile fraud (46), impersonation fraud (three cases), cheque theft (one case), outright theft (25 cases) and general fraud incidents (113). The report [...]

Source from InfoStride News

]]> https://www.theinfostride.com/eight-banks-lose-n1-9bn-to-fraud-in-one-year/feed/ 0 National Assembly working on disallowing bankers from operating foreign accounts https://www.theinfostride.com/national-assembly-working-on-disallowing-bankers-from-operating-foreign-accounts/ https://www.theinfostride.com/national-assembly-working-on-disallowing-bankers-from-operating-foreign-accounts/#respond Mon, 07 Jun 2021 21:05:41 +0000 https://www.theinfostride.com/?p=296375 The House of Representatives is considering disallowing staff members of banks and other financial institutions from operating accounts outside the shores of Nigeria. Their spouses and children may also be mandated to declare their assets when a bill presently at the House becomes law. This was contained in the ‘Bank Employees, Etc., (Declaration of Assets)(Amendment) [...]

Source from InfoStride News

]]> https://www.theinfostride.com/national-assembly-working-on-disallowing-bankers-from-operating-foreign-accounts/feed/ 0 MTN Continues the Move to Banks Commission on USSD Transactions Reduce https://www.theinfostride.com/mtn-continues-the-move-to-banks-commission-on-ussd-transactions-reduce/ https://www.theinfostride.com/mtn-continues-the-move-to-banks-commission-on-ussd-transactions-reduce/#respond Tue, 06 Apr 2021 06:20:32 +0000 https://www.theinfostride.com/?p=289474 MTN, Nigeria’s biggest telecommunication service provider, will go ahead with efforts to effect a reduction in the commission due to banks for the Unstructured Supplementary Service Data (USSD) service, despite a seeming respite in its face-off with the lenders. It was earlier reported that the banks had reconnected MTN customers to their channels on Sunday; [...]

Source from InfoStride News

]]> https://www.theinfostride.com/mtn-continues-the-move-to-banks-commission-on-ussd-transactions-reduce/feed/ 0 I Feel Proud When I See Posters Of Nigerian Banks In African Countries – Buhari https://www.theinfostride.com/i-feel-proud-when-i-see-posters-of-nigerian-banks-in-african-countries-buhari/ Sat, 07 Dec 2019 13:00:25 +0000 https://www.theinfostride.com/?p=242904 President Muhammadu Buhari has hailed Nigerian banks for the way they have spread their tentacles across Africa. PMB also urged state governments to make the process of land ownership easier so the citizens can have access to banks for cheaper homes. Buhari disclosed this as he received the Governing Council of the Chartered Institute of [...]

Source from InfoStride News

]]> Banks That Fail To Install Electronic Display Boards Will Be Punished – Godwin Emefiele https://www.theinfostride.com/banks-that-fail-to-install-electronic-display-boards-will-be-punished-godwin-emefiele/ Fri, 22 Sep 2017 01:51:17 +0000 http://www.theinfostride.com/?p=182763 The Central Bank of Nigeria (CBN) has threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier instructions to open teller points for retail foreign exchange (Forex) transactions in all locations. The apex bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, in a statement on Monday in Abuja, said the bank would [...]

Source from InfoStride News

]]> Banks Must Remove Precautionary Restrictions On Patience Jonathan’s Account – Reps https://www.theinfostride.com/banks-must-remove-precautionary-restrictions-on-patience-jonathans-account-reps/ Thu, 21 Sep 2017 00:16:20 +0000 http://www.theinfostride.com/?p=182657 The House of Representatives Committee on Public Petitions has asked six commercial banks to free accounts operated by former first lady, Patience Jonathan. The committee chaired by Rep. Uzoma Nkem-Abonta (Abia-PDP) made this statement recently. The concerned banks are Union Bank, First Bank, EcoBank, Diamond Bank, Fidelity Bank and Skye Bank. “We received a communication [...]

Source from InfoStride News

]]> Nigerian Banks Refute Etisalat’s Takeover https://www.theinfostride.com/nigerian-banks-refute-etisalats-takeover/ Fri, 23 Jun 2017 11:18:21 +0000 http://www.theinfostride.com/?p=169340 Consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to the banks who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos that there was no truth in the report making the round. The source [...]

Source from InfoStride News

]]> Investigate, Prosecute Ex-CBN Govs, Banks – Femi Falana https://www.theinfostride.com/investigate-prosecute-ex-cbn-govs-banks-femi-falana/ Tue, 11 Oct 2016 11:51:48 +0000 http://www.theinfostride.com/?p=145369 Human rights lawyer, Mr Femi Falana (SAN), has called on the Economic Financial Commission (EFCC) to investigate the Deposit Money Banks. Speaking at a dinner at the University of Ibadan, Falana said he will apply for an order of Mandamus to compel the EFCC to probe and prosecute the banks over loans they were allegedly [...]

Source from InfoStride News

]]> NLC Threaten To Shut Down Banks For Sacking Workers https://www.theinfostride.com/nlc-threaten-to-shut-down-banks-for-sacking-workers/ Thu, 09 Jun 2016 22:55:06 +0000 http://www.theinfostride.com/?p=131635 The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have threatened to shut down banks for sacking their workers despite the Federal Government’s order. The Minister of Labour and Employment, Dr. Chris Ngige had earlier ordered banks to stop sacking their staff. The Labour unions also said they support the minister’s threat to [...]

Source from InfoStride News

]]> FG Will Withdraw Licences Of Corrupt Banks – Chris Ngige https://www.theinfostride.com/fg-will-withdraw-licences-of-corrupt-banks-chris-ngige/ Wed, 08 Jun 2016 07:55:28 +0000 http://www.theinfostride.com/?p=131495 The Federal Government on Tuesday warned managements of financial institutions in the country to stop further retrenchment of workers or risked being sanctioned. Sen. Chris Ngige, Minister of Labour and Employment, gave the warning in Geneva while addressing newsmen on the sideline of the on-going 105th session of the International Labour Conference (ILC). “The Federal [...]

Source from InfoStride News

]]> Banks Should Stop Sacking Their Staffs – Chris Ngige https://www.theinfostride.com/banks-should-stop-sacking-their-staffs-chris-ngige/ Fri, 03 Jun 2016 21:29:32 +0000 http://www.theinfostride.com/?p=130916 The Minister of Labour and Employment, Dr. Chris Ngige has ordered banks to stop sacking their staff. Ngige explained that there was an ongoing conciliatory meeting, adding that all retrenchments should stop, pending the outcome of talks. The minister said this on Friday, June 3, 2016, while speaking to newsmen. Ngige said “Following the high [...]

Source from InfoStride News

]]> ‘America’s Next Top Model’ May Continue On Cable Network https://www.theinfostride.com/americas-next-top-model-may-continue-on-cable-network/ Fri, 06 Nov 2015 23:46:17 +0000 http://www.theinfostride.com/?p=106205 Good news for fans of the reality competition “America’s Next Top Model.” The CW series may not be ending with cycle 22. . According to Deadline, the next season or cycle of “America’s Next Top Model” may going to another viewing platform. Cycle 23 of the reality series is said to be in the works [...]

Source from InfoStride News

]]> The Inspiring Way Tyra Banks Allows Her Haters Be Her Motivators https://www.theinfostride.com/the-inspiring-way-tyra-banks-allows-her-haters-be-her-motivators/ Fri, 06 Nov 2015 23:21:28 +0000 http://www.theinfostride.com/?p=106175 One of our favorite things about Tyra Banks (aside from her contribution to reality television, her fierce acting chops and her incomparable smizing capabilities) is her willingness to speak candidly about the fashion industry. . That notion rings true in a new interview for the December 2015 issue of Glamour. The “America’s Next Top Model” [...]

Source from InfoStride News

]]> Airport Police Confronted Azealia Banks In A Row With Passengers and Airline Staff https://www.theinfostride.com/airport-police-confronted-azealia-banks-in-a-row-with-passengers-and-airline-staff/ Wed, 23 Sep 2015 13:58:05 +0000 http://www.theinfostride.com/?p=100500 Airport police questioned rapper Azealia Banks in the early hours of Tuesday after clashing with fellow passengers and airline staff on a flight to Los Angeles. The 212 hitmaker was reportedly trying to make a quick exit from the Delta flight, but as she attempted to squeeze past a French couple, the man put his [...]

Source from InfoStride News

]]> CBN Governor Godwin Emefiele Allays Banks’ Liquidity Fears Over Treasury Single Account Implementation https://www.theinfostride.com/cbn-governor-godwin-emefiele-allays-banks-liquidity-fears-over-treasury-single-account-implementation/ Fri, 18 Sep 2015 14:48:51 +0000 http://www.theinfostride.com/?p=99772 There is rising tension in Nigeria’s banking industry over the implementation of the Treasury Single Account (TSA). However, the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged banks in the country not to panic. In an interview with Reuters yesterday, the CBN boss gave an assurance that he was ready to inject [...]

Source from InfoStride News

]]> #Nigeria > Nigerian Banks To Lose 20,000 Accounts, 2.6 Trillion Naira This Week Over Treasury Single Account https://www.theinfostride.com/nigeria-tsa-nigerian-banks-to-lose-20000-accounts-n2-6trn-this-week/ Sun, 13 Sep 2015 15:30:07 +0000 http://www.theinfostride.com/2015/09/nigeria-tsa-nigerian-banks-to-lose-20000-accounts-n2-6trn-this-week/ Nigerian banks will lose not less than 20,000 huge accounts this week. No thanks to President Muhammadu Buhari (PMB) who has directed a Treasury Single Account (TSA) be enforced this week. The bank accounts are those run by federal ministries and 600 government federal agencies. According to findings by the Sunday Vanguard, the agencies’ accounts [...]

Source from InfoStride News

]]> CBN Disburses Funds To States To Pay Backlog of Owed Workers’ Aalaries | #Nigeria https://www.theinfostride.com/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ Wed, 26 Aug 2015 21:30:06 +0000 http://www.theinfostride.com/2015/08/cbn-disburses-funds-to-states-to-pay-owed-workers-nigeria/ The Central Bank of Nigeria (CBN) has approved the request by Deposit Money Banks (DMBs) to provide financial accommodation to State Governments to enable them pay the backlog of salaries of their workers. This came following the decision by the National Executive Council (NEC) at its meeting of 29th June, 2015 requesting the CBN, in [...]

Source from InfoStride News

]]> Akwa Ibom Owes Banks N64.5bn – Commissioner | #Nigeria https://www.theinfostride.com/akwa-ibom-owes-banks-n64-5bn-commissioner-nigeria/ Wed, 26 Aug 2015 11:30:14 +0000 http://www.theinfostride.com/2015/08/akwa-ibom-owes-banks-n64-5bn-commissioner-nigeria/ The Akwa Ibom State government has admitted its indebtedness to commercial banks to the tune of N64.5bn. The Commissioner of Finance, Mr. Akan Okon, who disclosed this in Uyo, the state capital on Tuesday, spoke on the desirability of converting the state’s debt to Federal Government bonds. The disclosure by the government came on the [...]

Source from InfoStride News

]]> Every Bank Worker Now A Marketer As Liquidity Problem Worsens | #Nigeria https://www.theinfostride.com/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Thu, 20 Aug 2015 07:30:04 +0000 http://www.theinfostride.com/2015/08/every-bank-worker-now-a-marketer-as-liquidity-problem-worsens-nigeria/ Some banks in Nigeria have given deposit targets to their workers as they face low cash inflow due to the shrinking of public sector funds component of banks’ deposit base. The overall cash inflow from the system in the month of August, so far, has been reported to be about N440 billion compared to about [...]

Source from InfoStride News

]]> Ondo APC Cautions FG, Banks Against Giving Mimiko Loans | #Politics https://www.theinfostride.com/ondo-apc-cautions-fg-banks-against-giving-mimiko-loans-politics/ Fri, 07 Aug 2015 11:59:08 +0000 http://www.theinfostride.com/2015/08/ondo-apc-cautions-fg-banks-against-giving-mimiko-loans-politics/ The All Progressives Congress in Ondo State has urged banks and the Federal Government not to grant any loan to the administration of Governor Olusegun Mimiko.The party made the call in a statement by its Publicity Secretary, Omo’ba Abayomi Adesanya, on Thursday.The Ondo APC asked Mimiko to give account of all allocations that had accrued [...]

Source from InfoStride News

]]> Agric Minister, Banks agree on loan tenor expansion for farmers to increase agro-business https://www.theinfostride.com/agric-minister-banks-agree-on-loan-tenor-expansion-for-farmers-to-increase-agro-business/ Tue, 26 Nov 2013 11:47:00 +0000 http://www.theinfostride.com/agric-minister-banks-agree-on-loan-tenor-expansion-for-farmers-to-increase-agro-business/ The Minister of Agriculture, Akinwumi Adesina as well as the Governor of Central Bank of Nigeria (CBN) and the Chief Executives of commercial banks in Nigeria have agreed to expand the loan tenor to farmers from six to twelve months as part of the resolve of the emerging generation of leaders to uplift the country. [...]

Source from InfoStride News

]]>