The Central Bank of Nigeria (CBN) has sanctioned nine Deposit Money Banks with fines totalling N1.35 billion for failing to ensure cash availability via Automated Teller Machines (ATM) during the festive season. Each of the banks was fined N150 million following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines. The affected banks include Fidelity Bank Plc, …

The House of Representatives on Tuesday expressed concern over the ongoing cash crunch in commercial banks across the country, calling on the Central Bank of Nigeria (CBN) to address the situation which has disrupted economic activities and caused significant hardship to citizens. This followed a motion of urgent public importance moved by Hon. Uguru Emmanuel. Moving the motion, Emmanuel highlighted …

A popular presenter with Ibadan-based private radio station, Fresh FM Nigeria, popularly known as Baba Bintin has reportedly died dead after he slumped while trekking to work for his programme on Saturday morning. As gathered by Sunday Vanguard, the death of Baba Bintin was announced during a radio programme by his colleagues, Komolafe Olaiya and Olalomi Amole. Earlier on Saturday …