Banks

CBN Steps Up Bank Checks to Block Terrorism Financing

Leave a Comment

Precious Nwonu, Enugu The Central Bank of Nigeria (CBN) has rolled out a stronger supervisory framework aimed at deterring the use of Nigerian banks and financial institutions for terrorism financing and other financial abuses. In an official statement, the apex bank’s Acting Director of the Corporate Communications and Investor Relations Department, Hakama Sidi-Ali, announced that the … [Read more…]

Banks to charge N6.98 for every USSD transactions.

Leave a Comment

  Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions.   However, experts have said that excessive charges by banks could pose a threat to financial inclusion.   According to them, it will increase cash transactions because many bank customers would avoid using the USSD for transactions … [Read more…]