Visa and Mastercard have reached a revised settlement with merchants who alleged the card networks charged excessive fees for accepting their credit cards, according to a court filing on Monday. The updated settlement was revealed in a letter filed in Brooklyn federal court by a lawyer representing some of the plaintiffs. Details on the revised …
The Federal Competition and Consumer Protection Commission (FCCPC) recovered over N10 billion for consumers after complaints against banks, fintechs, and other sectors. Ondaje Ijagwu, Director of Corporate Affairs, disclosed this on Thursday. The data covers complaints lodged between March and August 2025 via FCCPC complaint platforms. The top ten sectors by complaint volume were: Banking: …
Beginning January 1, 2026, Nigerians and foreign residents will no longer be able to open or operate a bank account without a Tax Identification Number (Tax ID), following the enactment of the Nigeria Tax Administration Act, 2025, recently signed into law by President Bola Tinubu. The new Act is part of government efforts to expand …
By Esther Ososanya Jaiz Bank Plc, Nigeria’s pioneer non-interest (Islamic) bank, has unveiled a new corporate identity. The event, held on Tuesday at the bank’s Corporate Head Office in Abuja, marked what the bank described as a “defining milestone” in its 14-year journey of ethical banking. Managing Director and Chief Executive Officer, Dr. Haruna Musa, …
