Tag: Commercial Banks

Banks lift suspension of USSD transactions on MTN customers

Commercial banks across the country have lifted their suspension of unstructured supplementary service data (USSD)  transactions on MTN lines. The blockade, according to a report from The Punch, occurred when the telco reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent. The banks had[Read More…]

Suspects ‘Planning To Rob Lagos Banks’ Arrested

The inspector-general of police intelligence response team (IRT) on Friday said it has arrested five suspected robbers “planning to attack some banks in Lagos”. Abba Kyari, the IRT commander, disclosed this to NAN in Lagos. Kyari said the arrested suspects also participated in the killing of four policemen and an[Read More…]

Nigerian Government Tells Commercial Bank Owners To Stop Sacking Workers

The Federal Government on Friday directed banks, insurance and financial institutions to suspend the on-going retrenchment in the sector. This is contained in a statement signed by the Minister of Labour and Employment, Dr Chris Ngige, and made available to newsmen in Abuja. “Following spate of petitions and complaints from[Read More…]

Ekiti State Government Shuts Commercial Banks For Withholding Tax

The Ekiti State Board of Internal Revenue has sealed Guaranty Trust Bank and Ecobank both located at Secretariat Road in Ado-Ekiti. According to NAN, officials of the board stormed the banks early on Wednesday, taking workers and customers unawares. The closure was said to be in connection with the inability[Read More…]

Notorious Ikorodu Bank Robbers Arrested In Ondo State

Four members of the robbery gang, which unleashed terror on two commercial banks in the Ipakodo, Ikorodu area of Lagos two weeks ago, have been arrested by the police. The suspected robbers were arrested from Okitipupa, Ondo State, and Ikorodu, Lagos State, while three Sport Utility Vehicles allegedly bought from the[Read More…]

Commercial Banks Shut After Abuja Bombing

The branches of all the commercial banks operating in Nyanya and Mararaba area in Nigeria’s Federal Capital Territory (FCT) failed to open for business on Friday following Thursday’s explosion in the area. The News Agency of Nigeria (NAN) reports that customers of the banks who hurried to carry out transactions,[Read More…]