Tag: banks
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Banks to Demand Tax IDs from Customers For Account Opening
A newly proposed bill in Nigeria mandates that anyone wishing to open or operate a bank account, as well as individuals in banking, insurance,...
Banks And IT Firms Are Becoming More Tense In The UK Over Liability For Online Fraud
In the UK, disputes about who should pay out compensation to victims of online fraud are getting worse between social media companies, banks, and...
Nigerian banks pay the NDIC N166.4 billion as a premium for deposit insurance in 2023
The Nigerian Deposit Insurance Corporation (NDIC) received a payment of N166.4 billion from nine publicly traded commercial banks in 2023 as deposit insurance premiums,...
Nigeria’s tech development fund receives N33.7 billion in contributions from ten banks in 2023
In 2023, ten Nigerian commercial banks made contributions to the Nigeria Information Technology Development Fund (NITDEF) totaling N33.7 billion.
The contribution, which is a component...
CBN orders banks to cease charging 0.5% for cybersecurity
Banks and other financial institutions have been instructed by the Central Bank of Nigeria (CBN) to cease imposing a 0.5 percent cybersecurity fee on...
