Tag: banks, CBN
CBN freezes accounts without BVN, NIN April 2024
The Central Bank of Nigeria,CBN,has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification...
Old, new naira notes to remain in circulation till further notice says Supreme Court
The Supreme Court on Wednesday ruled that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice. The apex...
Banks to undergo new Recapitalisation Exercise says CBN
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs). Olayemi Cardoso,...
Why CBN may not clear Forex backlog- EIU
A report by the Economist Intelligence Unit on Friday questioned the financial capacity of the central bank to clear $6 billion forex backlogs owed to banks,...
CBN has sufficient currency Notes -Spokesman
..attribute scarcity to large volume withdrawals Central Bank of Nigeria, CBN, has condemned reports of insufficient stock of currency notes in the country. CBN through...
Eight killed as Robbers raid banks in Benue
Customers,security operatives affected At least eight people were killed when armed robbers invaded four banks in Otukpo town of Benue State, on Friday. ...
CBN defers September 2023, MPC meeting
The Central Bank of Nigeria,CBN,has deffered it’s 293rd meeting scheduled for Monday and Tuesday,September 25 and 26 2023 respectively. Director, Corporate...
How Fintech channels pushed up consumer credit to N2.35trn in Q1 2023
The increasing usage of loan apps and other fintech channels pushed total consumer credit to N2.35tn in the first quarter of 2023. This showed a 20.95 per cent...
How Banks N120bn Unstructured Supplementary Service Data debt is slowing down it’s Telcos inclusion-NCC
Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has said the banks’ N120bn Unstructured Supplementary Service Data debt...
Why Customs deactivated dealer Banks
The Nigeria Customs Service (NCS) has been speaking on why it deactivated some dealer Banks from collecting revenue for it It will be recalled that the government...
