Banks » NAIJATRENDS

Banks Release Code for Cardless ATM Cash Withdrawal As Naira Scarcity Continues

Posted on March 10, 2023 by rejoice

As Nigerians grapple with the scarcity of Naira notes, commercial banks have released codes for cardless ATM cash withdrawals. The feature allows account holders to make withdrawals at ATMs with the aid of their registered phone numbers. Banks customers can now make withdrawals from ATMs without needing a card. The banks that have released these features include Fidelity, United Bank of Africa, Access Bank, First City Monument Bank, First Bank, and Guaranty Trust Holding. Others…

Unrest looms as banks, PoS operators, traders reject old naira notes

Posted on February 14, 2023 by rejoice

Shock and anger took over Ondo State on Monday as banks across the State refused to accept the old Naira notes from residents. The residents, most of whom are traders, had neatly arranged the money they made all through the weekend in anticipation of depositing it in banks, but they met a brick wall. With the information filtering gaining ground across the State, operators of Point-of-Sale (PoS) terminals and business owners began to reject the…

JUST-IN (New Naira): Bank Workers Threaten To Shut Down, Give Reason

Posted on February 8, 2023 by rejoice

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members nationwide following attacks on some commercial banks. It also said it would not stop the withdrawal until the attacks on its workers were addressed, and security ensured. NUBIFIE’s general secretary, Mohammed Sheikh, in a statement on Wednesday, expressed dismay over recent attacks on bank workers without proper protection by security agencies. Mr Sheikh, therefore, appealed…