Nigerian Banks to identify customers by fingerprints next year

Click banner for more info

The Central Bank of Nigeria and the Bankers Committee on Tuesday sealed a biometric solution pact with a German Firm, Dermalog, for the development of a payment system that would be driven by fingerprints.

The move, according to the Governor, CBN, Mr. Lamido Sanusi, will help to revolutionise the country’s payment system.

Dangote signs multibillion dollar deal with Banks to build oil refinery in Nigeria

Click banner for more info

CBN orders banks to report B’Haram, Ansaru transactions

Click banner for more info

Following the recent proscription of the violent Islamic sects, Boko Haram and Ansaru, by the Federal Government, the Central Bank of Nigeria has ordered banks to check the activities of the terrorist groups.

The central bank in a letter to all banks on Wednesday, directed them to check their database and report activities of the two sects to the regulator.

The letter read, “The Federal Government of Nigeria, in its effort to stem terrorism in the country, has proscribed the activities of Jamaatu Ahlis-Sunna Liddaawati Wal Jihad, otherwise known as Boko Haram, and Jama’atu Ansarul Muslimina Fi Biladis Sudan in any part of the country. Their activities are consequently declared as terrorist and illegal.

FG seeks $3.4bn foreign loan for power projects …says Nigerian banks charge high interest rates

Click banner for more info

The Federal Government is looking beyond Nigerian banks to raise $3.4bn needed to fund power projects in the country because of high interest rates being charged on loans by local banks.

The Chairman, Presidential Task Force on Power, Mr. Beks Dagogo-Jack, said Nigerian banks had not done enough in terms of understanding how the ongoing reforms in the power sector worked.

He spoke with journalists on the sidelines of the Presidential Power Reform Transaction signing ceremony in Abuja on Monday.

Banks In Lagos Stop N100 Charge On Use Of ATMs

Click banner for more info

Banks in Lagos have cancelled the N100 charge on customers’ use of Automated Teller Machines (ATMs) withdrawal from other banks.

NAN visit to some banks on Tuesday showed that the banks had since Monday complied with the new trend. This followed the Bankers Committee’s directive that the banks should stop charging N100 with effect from Dec. 17. Some customers in separate interviews with NAN said that they were happy with the development and expressed the hope that more positive developments would be made in the sector in 2013.Mr Kunle Adewale, an Information Technology expert and a customer with GTB, said that the development showed that customers would no longer suffer unwarranted banks’ charges.

Bandits Attack Three Banks In Auchi, Edo State With Heavy Weapons

Click banner for more info

BENIN CITY— DARE-devil armed bandits took over Auchi town in Edo State, Monday, robbing banks, after using bombs and dynamites to blow up the banks. It was gathered that the robbers invaded the town with sophisticated weapons and blocked all exit points before launching the attack on the banks.

Banks To Commence Bio-Metric Data Capture For Customers

Click banner for more info

LAGOS – Nigerian banks under the auspices of the bankers committee will soon commence a bio-metric data capture for all customers in the banking sector. Managing Director of the Nigerian Deposit Insurance Corporation, NDIC, Mr. Umaru Ibrahim, disclosed this yesterday at the ongoing seminar for finance journalists in Dutse, Jigawa state capital.