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  Press Release Union Bank of Nigeria Attains PCI DSS v4.0.1 Certification Lagos, Nigeria – Union Bank of Nigeria has attained certification under the Payment Card Industry Data Security Standard (PCI DSS) version 4.0.1, the foremost global standard governing the protection of payment card account data. The certification took effect on 11 August 2026. PCI DSS sets a baseline of technical and operational requirements designed to safeguard environments in which payment card account data is stored, processed or transmitted. Certification confirms that a bank securely stores, processes and transmits its customers’ credit and debit card information, strengthening protection against payment card data breaches and financial fraud, while reinforcing public and customer confidence. The assessment covered a broad scope of the Bank’s operations, including network infrastructure, card issuance, ATM and POS transaction acquiring and payment processing, reconciliation, settlement, chargeback, di...

  NAGAFF Petitions IGP Over Alleged Extortion, Harassment by Maritime Police at Ports The 100 Percent Compliance Team of the National Association of Government Approved Freight Forwarders (NAGAFF) has petitioned the Inspector-General of Police (IGP), seeking an investigation into alleged extortion, arbitrary container detention, intimidation and harassment by officers of the Maritime Police Command at Nigerian seaports. In the petition dated August 14, 2026 and signed by the National Coordinator of the NAGAFF 100 Percent Compliance Team, Alhaji Ibrahim Tanko, the association alleged that the activities were obstructing trade facilitation and contributing to the rising cost of doing business in the maritime sector Alhaji Ibrahim Tanko                                            National Coordinator, NAGAFF 100 Percent Compliance Team The petition, titled “Petition Against Unl...

PRESS RELEASE                                          Lagos, Nigeria, August 13, 2026 Polaris Bank Hosts Children for a Day of Fun, Learning and Workplace Discovery L-R; Cynthia Sanyaolu Head, Talent Management, Polaris Bank; Bukola Oluyadi, Group Head, Customer Experience & Value Management, Polaris Bank; Olanrewaju Oyekunle, Ag. Chief Talent & Culture Officer, Polaris Bank; Rasheed Bolarinwa, Head, Brand Management & Corporate Communications, Polaris Bank; Abimbola Ozomah, Executive Director, Corporate & Investment Banking, Polaris Bank; Njideka Nwabueze, Head, Retail Banking, Polaris bank & Olamide Adeyeye, Leaning & Development Officer, Polaris Bank at the “Bring Your Child to Work” event. Polaris Bank has hosted some children of its employees to a memorable day of fun, learning and workplace discovery as part of its commitment to strengthening employee e...

Press Release  Access’ Recognition by CFA Society Signals a New Standard for Developing Africa's Future Financial Leaders Lagos, Nigeria — August 10, 2026: A new ranking by CFA Society Nigeria has identified Access as the country's largest employer of CFA candidates, highlighting the Group's growing influence in developing the next generation of investment and finance professionals and reinforcing its position as one of Africa's leading builders of financial services talent. Published as part of CFA Society Nigeria's Where Nigeria's Finance Professionals Work series in a national daily, the rankings show that Access employs 82 CFA candidates, more than twice the number recorded by the next-ranked institution and the highest of any organisation in Nigeria's financial services industry. The Group also ranked second among employers of CFA charterholders, reflecting its ability not only to attract experienced professionals but also to develop future leaders equi...

  August 12, 2026 INVESTIGATION: Alleged Smuggling Networks, Revenue Leakages and Succession Concerns Rock Nigeria Customs Service                              By Ako Stephen- Eluma Fresh allegations of large-scale smuggling, revenue leakages and internal succession manoeuvring have raised questions about the operations and accountability mechanisms of the Nigeria Customs Service (NCS), according to an investigative report published by SaharaReporters. The report, published on August 7, 2026, alleges that smuggling activities have intensified along some land-border corridors while concerns have also emerged over revenue collection at major seaports. It further alleges that weaknesses in Customs valuation procedures may be contributing to significant revenue losses, particularly through the use of an Extended Procedure Code identified as “846” for vehicles with non-standard Vehicle Identification Numbers. Acc...

  PRESS STATEMENT NPS Processes Over 26 Million Transactions as First Bank and Fidelity Bank Lead in Volume and Value LAGOS, NIGERIA – August 11, 2026 — The Nigeria Inter-Bank Settlement System  (NIBSS) Plc, Nigeria's foremost payments infrastructure provider, has commenced the rollout of the National Payment Stack (NPS), a sovereign, ISO 20022 compliant digital  infrastructure designed to succeed legacy NIBSS Instant Payment (NIP) system and  modernize Nigeria’s financial ecosystem. Unifying payments, identity, and data onto a  single intelligent rail, the multi-currency architecture bridges transaction processing and payment intelligence while establishing robust cross-border capabilities. Initial operational metrics highlight rapid commercial adoption, with the NPS platform already recording 26.55 million transactions valued at ₦1.4 trillion across 48 participating institutions. First Bank of Nigeria leads the industry in total transaction volume, while Fidel...