•Central Bank of Nigeria headquarters, Abuja The Bank Customers Association of Nigeria has revealed that it has written to the Central Bank of Nigeria about the charges being deducted from customers’ accounts. This was disclosed by the president of BCAN, Uju Ogubunka, yesterday at the 2025 Artificial Intelligence conference organised by SuperN...
The Abuja Electricity Distribution Company (AEDC) has published lists of unmetered customers to get a refund or compensation following regulatory directives by the Nigerian Electricity Regulatory Commission (NERC). The NERC recently approved the deduction of N1.69 billion from the annual Operating Expenditure (OPEX) of AEDC over failure to com...
•Fuel pump The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed today that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after successful loading...
The Nigeria Deposit Insurance Corporation (NDIC) has urged members of the public to continue their banking activities without fear, assuring that all banks remained safe and sound. A statement by Hawwau Gambo, the Acting Head, Communication and Public Affairs Department of NDIC in Abuja yesterday, reiterated the corporation’s commitment toward...
Barring any changes, customers of nine banks in Nigeria may not be able to reÂceive alerts and perform banking transÂactions using their mobile phones from January 27, 2025, as telecommunications operators have been authorised to disconÂnect the Unstructured Supplementary Service Data (USSD) codes assigned to the financial institutions due to ...
•Naira notes In a scene reminiscent of a desperate rush for limited supplies, frustrated customÂers overwhelmed the halls of several banks across the city this week, clamouring for cash as the holiday season approaches. Many are unable to withÂdraw funds or access their acÂcounts due to widespread cash shortages, and the situation has reached ...
The Nigeria Deposit Insurance Corporation, NDIC said that some customers of the defunct Heritage Bank have not been paid the insured part of their deposit due to factors including inconsistencies in the database of the bank. Managing Director, NDIC, Mr. Bello Hassan disclosed this in a keynote address at the 2024 NDIC Editors Forum in [&hellip...
•Blackout The Nigerian Electricity Regulatory Commission (NERC) has directed the electricity distribution companies to downgrade customers in the Band A categories if they do not have enough capacity for supplies. Commissioner Licensing and Legal for NERC, Dafe Akpeneye revealed this today on Channels Television. According to him, if the DisCo...
•Some Nigerian banks There appears to be no respite yet for the Nigerian banking public following the upgrades being carried out by some deposit money banks (DMBs) in recent times. Despite recent assurances by the institutions, Nigerians have continued to express frustration over the lingering glitches in the banks’ operations with the many cu...
The Federal Competition and Consumer Protection Commission (FCCPC) has warned financial institutions against continuing disruption in online banking services across Nigeria. A statement by the commission’s Executive Vice Chairman/ Chief Executive Officer, Tunji Bello today, said it was deeply concerned by the disruption which has hindered cust...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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