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Visa outage over after transaction chaos across Europe

Payment systems giant Visa recovered on Saturday from a hardware issue that had left it struggling to process transactions at bars, shops and cash machines across Europe.

One million bank workers strike across India

Around one million bank employees went on strike across India Wednesday, a union representative said, demanding better pay and a government crackdown on companies who wilfully default on loan payments.

FirstBank introduces contactless Naira MasterCard

First Bank of Nigeria Limited, has announced the introduction of the Contactless Naira MasterCard, added to its array of debit cards, to promote convenience, ease of transactions and the security of funds.

Central bank compels banks to refund excess charges with interest

The Central Bank of Nigeria (CBN), said any bank that deducts monies illegally from a customer’s account for products and services would be forced to refund the money to the customer with interest.

NBS: ATMs record transactions worth N1.56 billion in Q1

The National Bureau of Statistics (NBS) says Automated Teller Machines (ATMs) from selected Banks across the country, recorded transactions valued at N1.568 billion in first quarter.

Customers: Banks are ripping us through ATMs

Commercial Bank customers within the Federal Capital Territory (FCT) have decried excess charges by banks through Automated Teller Machine (ATM) withdrawals.

ATMs run dry, officials say cash crunch temporary

Automated Teller Machines in many Indian cities ran out of notes on Tuesday.

Expert advises MPC to fix lending rates for banks

Mr Eze Onyekpere, the Lead Director, Centre for Social Justice has called on the Monetary Policy Committee (MPC) to fix interest rates on bank loans to check the high rate by financial institutions.

Residents lament poor ATM services during festivities

Residents of Benin have decried poor services of Automated Teller Machines in the metropolis during festive periods.

Police arrest suspected ATM fraudster in Enugu

The Police Command in Enugu State has arrested a notorious suspected Automated Teller Machine (ATM) fraudster operating within Enugu and its environs.

US charges two men over ATM ‘jackpotting’

The United States Department of Justice (DOJ) has charged two men with bank fraud after they allegedly hacked ATM machines causing them to eject all their cash reserves like a Vegas slot machine.

Financial inclusion: Central bank inaugurates 14-member steering committee in Jigawa

Jigawa Government and Central Bank of Nigeria (CBN) on Friday announced a financial inclusion partnership scheme to encourage and promote economic independence for people of the state, especially the poor.

N2.86 trillion spent on airtime purchase in 10 months – NCC

The Nigerian Communications Commission (NCC) and the Average Revenue Per User (ARPU) have released information that Nigerians spent N2.68 trillion from January to October 2017 on airtime only.

Salaries: NLC scribe urges Bayelsa workers to be patient

The Secretary, Nigeria Labour Congress (NLC), Bayelsa chapter, Mr Dinipre Torukeregha, on Sunday urged civil servants who were yet to receive their December salaries to be patient.

Christmas: Bayelsa workers groan over unpaid salaries

Several civil servants in Bayelsa may have a bleak Christmas as they are yet to be paid their November and December salaries.

Yuletide: Bank customers face challenges at ATMs in Benin

Barely 24 hours to Christmas, bank customers in Benin lamented over inability to make withdrawals from Automated Teller Machines (ATM).

Customers complain over shortage of cash at ATMs

Residents of Kuje Area Council in the FCT, on Friday decried paucity of cash at the Automated Teller Machines (ATMs) in the area.

Police contributes N10 billion to national housing fund – IGP Ibrahim Idris

The Nigeria Police Force on Tuesday said it had contributed over N10 billion in remittances to the National Housing Fund since the inception of the scheme.

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