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Senate Summons Emefiele, Others Over Bank Charges

The Senate yesterday mandated its Committee on Banking to investigate alleged excess and arbitrary bank charges and illegal deductions by commercial banks. The Upper Chamber also resolved to summon the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, managing directors of commercial banks, forensic auditors and the ...

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Hackers Are Targeting Nigerian Banks, Attack Imminent – NITDA Warns

The National Information Technology Development Agency (NITDA) has raised the alarm over potential cyber-attacks targeting banking, health and other systems, power and transportation systems, as well as other critical national infrastructure in the country. A statement signed by the agency and made available to journalists said its Computer Emergency Readiness ...

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FG Okays More External Borrowings, Vows To Turn Economy Around

Abuja—The Federal Executive Council, FEC yesterday, approved external three-year rolling borrowing plan. According to Minister of Finance, Kemi Adeosun, the borrowing plan, which will be transmitted to the National Assembly for its approval, will be concessional loans with interest rates at 1.25 percent, with four to seven year moratorium, 20 ...

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