First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic Banking services such as cash withdrawal at its various Automated Teller Machines (ATMs) and payments on Point of Sale (POS) terminals with a more secure and reliable Chip & PIN ATM Debit card.

High Chief O.B Lulu-Briggs has threatened to legal action against the Central Bank of Nigeria (CBN) and Union Bank plc over the appearance of his name in the debtors’ list published by the apex bank.

Afribank Nigeria Plc has put in place good risk management elements to restore confidence and stability while improving business processes and performance in order to reposition the bank. This was revealed by the bank’s new Group Managing Director/CEO, Mr. Nebolisa Arah.

First Bank Nigeria PLC has called on the Central Bank of Nigeria (CBN) to reverse the directive that banks should restrict deployment of ATMs to their branches, even as it declared N33.6 billion dividend for the operating year ending March 31st 2009.

Managing Director/Chief executive Credit Registry Services, the nation’s first credit bureau, Mr. Taiwo Ayedun has said that the most effective way for the Central bank of Nigeria (CBN) to address the problem of bad loans in the banking industry is to enforce its guidelines that banks should use credit bureaus.