US First Citizens Bank said Monday it has agreed to purchase all loans and deposits from collapsed Silicon Valley Bank (SVB), whose collapse triggered reverberating concern about the health of the banking sector across the globe. First Citizens said in…
Congress will move forward with legislation that will empower President Biden to ban TikTok and other apps perceived as potential threats to national security, the US Speaker of the House, Kevin McCarthy, said on Sunday. “The House will be moving…
It looks like competition in the satellite internet industry is about to heat up as British satellite company OneWeb prepares to launch its final batch of internet satellites. The launch will complete a constellation of more than 600 satellites in…
Despite regulatory efforts by the Central Bank of Nigeria (CBN) to sanitize the banking industry, curtailing cases of fraud – arbitrary charges and unresolved customer complaints, cases of unreversed ATM-trapped funds and money disappearing from customers’ accounts persist. The situation…
Following recent downturns in carrying out electronic transactions across all commercial banks’ platforms, the House of Representatives has urged the Central Bank of Nigeria (CBN) to direct all commercial banks in the country to immediately overhaul their existing online electronic…
