While the Act has received Presidential assent on April 15, 2025, the date of implementation for its various provisions will be notified separately. The government has notified the Banking Laws (Amendment) Act 2024, which allows bank account holders to have up to four nominees in a bank account, among other provisions. However, the date for
With Finastra Essence, the bank will fast-track its digital transformation strategy and offer a comprehensive range of innovative retail and corporate banking services Dubai, United Arab Emirates – Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking services in Libya, has selected its core
As the Nigerian market continues to navigate through uncertainties, one strategy that is worth considering is investing in dividend-paying stocks. They offer investors a reliable way to earn a passive income while navigating market volatility. Echoing this, experts during a recent episode of “Drinks and Mics“ titled “How a Global Recession Will Impact Nigeria” recommended investing
To create this list, Forbes Advisor analyzed 226 business checking accounts at 79 financial institutions, including a mix of traditional brick-and-mortar banks and online banks. We ranked each account on data points within the categories of fees, minimum requirements, customer experience, digital experience, limits, features, APY and access. Here’s the weighting assigned to each category:
Seven years after he fled India just before the discovery of an astronomical Rs 14,000 crore scam, fugitive diamantaire Mehul Choksi was arrested in Belgium on Saturday. The Belgian Justice Department on Monday confirmed to NDTV that the disgraced businessman was in detention. It further said that India initiated the request for his extradition. The
Seven years after he fled India just before the discovery of an astronomical Rs 14,000 crore scam, fugitive diamantaire Mehul Choksi was arrested in Belgium on Saturday. The Belgian Justice Department on Monday confirmed to NDTV that the disgraced businessman was in detention. It further said that India initiated the request for his extradition. The
…as banks risk suspension of operating licence Financial and economic analysts have raised concerns over a proposed bill at the House of Representatives which seeks to prohibit age restrictions for the employment of Nigerian citizens in banks and other financial institutions. The bill, which aims to amend the Banks and Other Financial Institutions Act 2024
Dzmitry Lubneuski is the CIO at a1qa, a leading pure-play software testing company. He’s a tech expert with a solid 20-year background in QA getty The odds of success during digital transformations are low — just three in 10 banks that embark on such journeys will meet their objectives. Why is it so? Organizations often
00:00 Speaker A Big banks are kicking off the first quarter earning season, and we want to talk about the ways that you can incorporate the financial sector into your portfolio. Here with more, we’ve got Syrian Sharma, who is the Morningstar senior equity analyst. Great to have you here with us. So let’s just
As more consumers embrace mobile apps and digital wallets, traditional banking, with its in-person visits and waiting in long lines, is gradually becoming a thing of the past. Over the past few years, we’ve witnessed a fundamental shift in how people manage their money. In 2024, over 60% of banking customers in the U.S. and