Tribunal orders FCMB to pay N988.5m decade old debt
The Investments and Securities Tribunal, Abuja, on Wednesday ordered First City Monument Bank Plc (FCMB) to pay the sum of N988.5million to a stock broking
Category : Banking
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About Banking News Today
The banking industry involves borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment.
It is majorly used to keep money safe for customers, offer customers interest on deposits, protect against money losing value against inflation, lend money to firms, customers and homebuyers, and offer financial advice and related financial services, such as insurance
This is the major reason why we keep everyone updated on the recent happenings in the financial industry.
Traders in FCT say bank charges, poor network hindering POS usage
Some traders in the Federal Capital Territory (FCT), say bank charges and poor network is responsible for their inability to use Point of Sale (POS)
Naira dips against dollar at investors’ window
The Naira on Wednesday depreciated to N360.16 to the dollar at the investor’s window, losing 70kobo from N360.09 traded on Tuesday. Trading at the parallel
Over 600,000 subscribe to GEEP micro-credit facility – Coordinator
No fewer than 600,000 Nigerians have benefitted from the Federal Government’s social intervention scheme under the Government Enterprise and Empowerment Programme (GEEP) programme for entrepreneurs.
Bank in Omu-Aran remains shut due to Offa bank robbery
An atmosphere of fear and anxiety has continued to envelop the Omu-Aran community as the only commercial bank in the town has yet to re-open
