Tag: banks, CBN
CBN out with stricter regulations for dormant accounts, unclaimed funds
The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other...
Naira depreciates by 1.92% against dollar at official market
The Naira on Friday depreciated at the official market, trading at N1,596.92 to the dollar. Data from the official trading platform of the FMDQ Exchange, a...
CBN refutes alleged plan to revoke more banking Licenses
The Central Bank of Nigeria (CBN) says it has no plan to revoke the licences of more Deposit Money Banks (DMBs). The Acting Director, Corporate Communications, of...
Nigeria’s currency crisis: CBN blames seasonal demands, vows action
The Central Bank of Nigeria (CBN) has attributed the recent volatility in the foreign exchange market to “seasonal demands,” a statement that may raise...
Banks fined N678m by CBN ,SEC for flouting regulations
For flouting regulations, nine financial institutions paid N678m fines in 2023, according to The PUNCH analysis of their annual reports. Last year, the financial...
Cyber Security Levy:CBN withdraws circular
Caption:CBN Governor Dr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has withdrawn the circular directing banks and other financial...
Re-Looting of Abacha Loot,World Bank Loan,COVID-19 Funds:EFCC quizes Bank MDs,MDAs others
The Economic and Financial Crimes Commission,EFCC, says it has quizzed the Managing Directors of some banks and suspended officials in the ongoing probe into alleged...
CBN Bans customers from using forex as collateral for Naira loans
THE Central Bank of Nigeria (CBN) has warned bank customers to desist from using foreign currency as collateral for Naira loans. Acting Director, Banking...
Kogi:Gunmen on rampage, raid two banks, police station,kills two
Armed robbers on Thursday raided two banks at Anyigba in Dekina Local Government Area of Kogi State, reportedly killing two persons in the process. It was...
Banks involved in 70 per cent of financial crimes ,says EFCC
The Economic and Financial Crimes Commission, EFCC,on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria....
