NCC Orders Telcos to Disconnect Nine Banks over USSD Debt
The Nigerian Communications Commission (NCC) says it has ordered telecommunications companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine financial institutions due to unpaid debts. In a signed public notice, the commission said the affected banks must settle their outstanding debts by Jan. 27, 2025 or risk losing access to their […]
CBN appoints new executives for Union, Keystone, and Polaris Bank
The Central Bank of Nigeria has announced a new appointment of executive officers for Union Bank, Keystone Bank, and Polaris Bank following the dissolution of the board of the banks on Wednesday. The acting director of Corporate Communication, Sidi-Ali Hakama, made this disclosure in a circular dated January 10, 2024. According to the CBN, the […]
CBN Directs Banks to Issue, accept Old, Redesigned Banknotes
The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian banknotes, both old and redesigned ones, to and from deposit money banks (DMBs). The directive followed the order of the Supreme Court of Nigeria on Wednesday, granting the prayer of the minister of justice […]
