The Central Bank of Nigeria (CBN)’s cash swap programme with the Deposit Money Banks (DMBs) has suffered a setback due to scarcity of the new Naira...
In 2008, the American economy was collapsing. Like Nigeria, just after the emergence of Muhammadu Buhari as president in 2015, they (the U.S.) struggled with an economic contraction...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
Deposit Money Banks, DMBs, in the country can now operate mobile money wallets without getting approvals from the Central Bank of Nigeria, CBN, the apex bank...
Deposit Money Banks (DMBs) are planning concessionary loans of between 15 and 20 per cent interest rates for mini-grid operators under the Nigeria Energy Support Programme...
Banks and other financial institutions are to pay N2.5 million in fine for the use of unapproved e-payment solutions in the country. This is contained in...
Each branch of Deposit Money Banks (DMBs) in the country that pays out counterfeit or mutilated banknotes will be fined N1 million, the Central Bank of...
Deposit Money Banks (DMB) in the country could rake in billions of naira from charges for various services they would offer Federal Government’s Ministries, Departments and...
The recent announcement by telecoms giant, MTN, that it would soon apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by...
Despite the improving macroeconomic environment, the banking industry seems likely to continue to grapple with Non-Performing Loans (NPLs), in the short-term at least, as financial results...
Ebun-Olu Adegboruwa, a lawyer, has described the order granting forfeiture of funds in accounts without Bank Verification Number (BVN) to the Federal Government as “manifestly illegal”....
The loan books of Deposit Money Banks are shrinking by the day as lenders step up investments in securities and money market assets at the expense...
The Central Bank of Nigeria (CBN) has commenced investigation of deposit money banks over alleged malfeasance following manhunt of banks’ chief executives by the Economic and...
