Banking Archives

Court Freezes Alerzo Accounts as Moniepoint Seeks N4.38bn Debt

Moniepoint Microfinance Bank Limited has sued Alerzo Limited and its directors over an alleged N4.38 billion loan default. The Federal High Court in Lagos granted an interim Mareva injunction freezing…

Gong January 30, 2026

Banking Metro News

Bank transfers: Senders to pay N50 stamp duty from January 1, 2026

Banks have notified their customers of the N50 Electronic Money Transfer Levy (EMTL) on the New Tax Act (NTA) 2025 that will take effect on January 1, 2026. Specifically, United…

Gong December 31, 2025

Banking Economy Metro

Dollar to Naira exchange rate for October 24, 2025

The naira held firm at the official Nigerian Foreign Exchange Market (NFEM) fixing while continuing to trade weaker on the parallel (black) market on Friday. At the NFEM (Investors &…

Gong October 24, 2025

Shehu Sani: Electronic Transmission Alone Won’t Guarantee Free Elections

Banking Economy Metro

Shehu Sani labels World Bank, IMF ‘witches and wizards’ behind Nigeria’s economic hardship

Former lawmaker and human rights activist, Senator Shehu Sani, has criticised the World Bank and International Monetary Fund (IMF), describing the Bretton Woods institutions as “the witches and wizards” behind…

Gong October 11, 2025

Banking Business Metro

Naira depreciates against US dollar

The Naira recorded depreciation against the dollar at the official foreign exchange rate market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira dropped to N1,494.03 per…

Gong September 18, 2025

Banking Business Crime

FCCPC: Loan apps face N100m fine for consumer abuse, data privacy violations

The Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints…

Gong September 4, 2025

Nigeria’s diaspora inflow increases to $600m monthly - CBN Gov Cardoso

Banking Business Economy

Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600 million monthly. He disclosed this…

Gong August 29, 2025

Banking Crime News

EFCC: How I rejected $7,000 bribe for access to hack Premium Trust Bank — Witness

A prosecution witness, Mr Ajayi Michael Folaseye, on Monday, told the Federal High Court in Lagos how he rejected a $7,000 bribe allegedly offered by a colleague seeking to illegally…

Gong July 1, 2025

Banking News World News

UK: What to know about Nationwide’s £100 free cash payout

Millions of Nationwide Building Society customers in the UK are about to receive £100 in free cash. This is part of the building society’s Fairer Share programme, which rewards loyal…

Gong May 31, 2025

Africa Agriculture Banking

FULL TEXT: Tinubu speaks on his mid-term performance, says security, economy improving

To mark the second anniversary of his administration, President Bola Tinubu issued a statement to say indices on key sectors are looking good. Below is the full text. Fellow Nigerians,…

Gong May 29, 2025

Iran eliminates four US soldiers in retaliatory strikes

Iran: US-Israel forces kill top Hezbollah chief, Makled

DSS arrests man over Edo attack on Obi, ADC leaders

‘I want to see Nnamdi Kanu before God calls me’, 99-year-old woman begs Tinubu

Court Freezes Alerzo Accounts as Moniepoint Seeks N4.38bn Debt

Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso

EFCC: How I rejected $7,000 bribe for access to hack Premium Trust Bank — Witness

UK: What to know about Nationwide’s £100 free cash payout

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