Tag: Banks

Nigerian Banks suspend ATM and POS transactions abroad
Nigerian Banks suspend ATM and POS transactions abroad

Deposit Money Banks in Nigeria have announced temporary suspension of overseas ATM card services and POS transactions. Some of the banks in an email to their customers, attributed the adjustment to dollar scarcity and challenges faced by manufacturers in sourcing foreign exchange from the economy. The banks added that the move was in line with current economic…

Security expert advise Banks on Security risk of compulsory Facemasks
Security expert advise Banks on Security risk of compulsory Facemasks

Commercial banks in Nigeria have been advised to take steps to protect their facilities and customers against security risk from the compulsory use of facemask. This is because criminals could take advantage of the forced wearing of facemask for personal protection against Covid-19 to commit crime and escape being identified. One of Nigeria’s leading security consultant, ONA…

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