Iraq Bans Five More Banks from U.S. Dollar Transactions
Iraq’s central bank has banned five more local banks from engaging in U.S. dollar transactions, this decision follows meetings with ...
Tag: Banks
Banking on the Brink: Can Nigeria’s Top Banks Thrive Amid Digital Disruption in 2025?
The Nigerian banking sector in 2025 is facing a crucial turning point. It has grown significantly in recent years, with ...
CBN Slams N150m Fine on Banks Fueling Naira Hawking Scandal
The Central Bank of Nigeria (CBN) has announced a hefty N150 million fine for each branch of any Deposit Money ...
Nigerian Banks’ Investment Securities Surge 145% Amid Attractive Yields
Nigerian banks experienced a significant 145% increase in their investment securities during the first nine months of 2024, driven by ...
FCCPC Investigates Banks Over Service Disruptions
The Federal Competition and Consumer Protection Commission (FCCPC) has started looking into recent problems with bank services that affected customers, ...
CBN to Fine Banks N100,000 per Day for Delayed Customer Complaint Resolution
The Central Bank of Nigeria (CBN) has directed commercial banks and financial institutions to resolve customer complaints within 72 hours, ...
CBN Cracks Down on Banks Over Cash Circulation Malpractices
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks and Point of Sale (PoS) ...
N17 billion debt: 13 banks and 60 personnel Face Charges
On June 20, the Federal High Court in Lagos will hear contempt proceedings filed by Guaranty Trust Bank (GTB) against ...
CBN Reveals Stance on Banks’ License Revocation
The Central Bank of Nigeria has quelled the confusion going on in some social media circles regarding the revocation of ...
Singapore Laundering Scandal: Banks With Most Deposits Revealed
The final defendant in Singapore's largest money laundering case has pleaded guilty, paving the way for the city-state to decide ...
Italian Banks in Russia: A Reputational Nightmare?
Have you been following the drama between Italian banks and Russia? It is like a real-life game of Risk, and ...
Fintech Companies to Resume Enrollment of New Members in a Few Months – CBN
The Central Bank of Nigeria (CBN) recently announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, ...
CBN Warns Banks To Stop Enforcement Of Cybersecurity levy
The Central Bank of Nigeria, CBN, has directed all banks in the country to halt with the implementation of a ...
CBN Instructs Banks To Open on Saturdays and Sundays.
It's been a tough time for Nigerians due to this cash scarcity issue. CBN has finally bowed to pressure, as ...
CBN Orders Banks to Commence Paying New Naira Notes
The Central Bank of Nigeria, CBN has just ordered commercial banks in the country to begin paying the new naira ...
We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.