Banks Archives -

N436bn AMCON Levy On 7 Banks In 2024 Unfair – Shareholders

Kingsley Chukwu5 days ago05 mins

Shareholders have kicked against the N436.5 billion paid to the Asset Management Corporation of Nigeria (AMCON) by seven banks as banking sector resolution costs in 2024. Some of the shareholders, who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said that the levy had negative consequences on shareholders’ funds. Mrs Bisi…

New ATM Fees: Banks Begin Implementation, Customers Groan

Kingsley Chukwu2 months ago06 mins

Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive. The News Agency of Nigeria (NAN) correspondent who monitored some banks’ ATM gallery in Abuja and environs on Sunday, reports that some customers were lamenting about the increase. NAN reports that…