Tag: BANKS
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The outstanding USSD debt owed by banks to telecommunications companies has reached N200 billion
Telecommunication firms are currently owed over N200bn by banks for Unstructured Supplementary Service Data (USSD) services, a debt that has escalated by approximately 66.67%...
Customs authorities held a meeting with non-compliant banks regarding the remittance of duties
The Nigerian Customs Service announced on Sunday that it recently deactivated only two banks due to their failure to remit collected duties.
The service also...
Banks grapple with N478 billion in non-performing loans amidst a challenging economic downturn
During the first half of this year, at least four banks collectively reported non-performing loans amounting to N478 billion in their financial results.
Specifically, Guaranty...
“Banks terminate employment of 110 senior executives and additional staff due to involvement in a fraudulent activity amounting to N82 billion.”
In the last two years, a significant number of bank executives and junior staff, totaling 110, have been dismissed due to fraud-related incidents.
The data...
Banks and 18 additional entities penalized with a fine of N125 million due to delayed submissions.
A total of eight banks and 18 other publicly listed companies have been penalized with fines amounting to N125 million for their failure to...
