Banks

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

CBN Revises Guidelines For Foreign Currency Deposits

The Central Bank of Nigeria (CBN) has released new guidelines for the deposit of foreign currency notes by Deposit Money Banks (DMBs). In a circular dated 27 June 2024 signed by CBN’s

Victor Ezeja

4 months ago

EFCC Tasks Banks’ Compliance Officers on Corruption, Money Laundering

Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has charged banks’ compliance officers to be diligent in the discharge of their duties and always provide the Commission with

Victor Ezeja

6 months ago

Business

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

CBN has reacted to reports of cash scarcity in some locations, assuring that there is sufficient bank notes for economic activities.

Victor Ezejaand

Admin

1 year ago

Business

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Deposit Money Banks (DMBs) have adopted a repayment plan to resolve their faceoff with telecommunications firms over the use of the Unstructured Supplementary Service Data (USSD) service by the banks’ customers. The

Fakoyejo Olalekan

1 year ago

Opinion

Fighting Cybercrime In Banks

Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies in the country. With so many people highly skilled in hacking techniques

Etim Etim

1 year ago

Governor of Nigerias Central Bank Godwin Emefiele

Business

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has directed the Chief Executive Officers of Deposit Money Banks (DMBs) to start accepting and paying out the old Naira notes.

Fakoyejo Olalekan

2 years ago

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Deposit Money Banks (DMBs), other financial institutions and companies can now share customers’ data, in a bid to create innovative products, according to a new circular released by the Central Bank of

Fakoyejo Olalekan

2 years ago

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Business

Nigerian Banks Address Shutting Down Operation For Presidential Election

Nigerian banks have denied reports that financial institutions plan to shut down operations due to the presidential election holding on Saturday, 25 February 2023. Messages have been circulated through WhatsApp that all

Fakoyejo Olalekan

2 years ago

Naira Policy: CBN Mops Up N1.6 trillion In Just I Month

Business

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

The President and Chairman of the Chartered Institute of Bankers of Nigeria (CIBN), Ken Opara, has allayed fears that some Nigerian banks could completely shut down following the failure of the Naira

Fakoyejo Olalekan

2 years ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

The Central Bank of Nigeria (CBN) has threatened to arrest persons selling the new naira notes, as it begs banks to come collect the redesigned currencies. During a sensitization programme on Wednesday,

Fakoyejo Olalekan

2 years ago

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CBN Revises Guidelines For Foreign Currency Deposits

EFCC Tasks Banks’ Compliance Officers on Corruption, Money Laundering

CBN Speaks On Current Cash Scarcity In Parts Of Nigeria

Banks Adopt Plan To Repay MTN, Airtel, Others N120bn USSD Debt

Fighting Cybercrime In Banks

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Nigerian Banks Address Shutting Down Operation For Presidential Election

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

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