Tag: Banking

‘Network crisis hits banking, causing transfer delays, failed transactions’ – Report

Aminu Imam
Network crisis hits banking

Nigerians are grappling with widespread digital banking disruptions as persistent telecom network downtime continues to slow internet services and cripple financial transactions across the country. The outages have affected online banking, Automated Teller Machines (ATMs), instant transfers, USSD services and fintech platforms, leaving many customers unable to complete transactions or experiencing failed transfers despite account debits.  The disruptions, linked largely to issues affecting the Nigeria Inter-Bank Settlement System (NIBSS), also forced crowds into banking halls, with some banks extending operating hours. Payment platforms such as KongaPay and Carbon had earlier…

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Zenith Bank’s and its first female MD/CEO

Aminu Imam
IMG 20240602 WA0050

History was made by Zenith Bank Plc with the announcement of the appointment of Dame (Dr.) Adaora Umeoji as the Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). Dame (Dr.) Adaora Umeoji, from Anambra state, takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, and is the first female GMD/CEO since the inception of the bank. Prior to this appointment, Dr. Umeoji has been the Deputy Managing Director of the bank since October…

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