By Barnabas Eke It seemed uncertain when in 2023, President Bola Tinubu hinted of his agenda of steering the nation towards attaining $1 trillion economic growth...
The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines...
By Clement Nwoji The partnership between the Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs), under the umbrella of the Bankers’ Committee, could not...
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in...
The Nigeria Deposit Insurance Corporation (NDIC) has effected upward review of maximum deposit insurance coverage for various categories of deposit-taking financial institutions licensed by the Central...
As cash scarcity occasioned by the redesign of three naira notes continues to bite Nigerians about a year after the implementation of the policy, the Central...
The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of Nigerian banknotes, old and re-designed, to...
By EMMANUEL OKEZIE, Lagos With only four months into the Central Bank of Nigeria’s (CBN) suspension of sales of dollars and other foreign currencies to the...
The Nigeria Deposit Insurance Corporation (NDIC), says it has liquidated 427 financial institutions as at December 2019. Abiodun explained that the liquidated institutions comprised 51 Deposit...
The Central Bank of Nigeria (CBN) has clarified that it has not restricted any commercial bank from accepting foreign currency cash deposits from depositors. It’s...
