Business CBN ends COVID-19 forbearance measures, directs banks to provide capital… Oluwadamilare Emmanuel Jul 9, 2025 The Central Bank of Nigeria (CBN) has issued a coordinated set of transitional measures to guide banks out of the regulatory…
Business Banks donate to Niger flood victims, pledge long-term support Toyibat Ajose Jun 30, 2025 In a major humanitarian gesture, Nigerian bank chief executive officers (CEOs) donated essential relief materials to support…
Business “Close all unauthorised tax collection accounts immediately,”… Oluwadamilare Emmanuel Apr 29, 2025 The Federal Inland Revenue Service (FIRS) has directed banks to shut any tax and levy collection accounts not authorised under its…
Business Comply with applicable Nigerian, UN sanctions lists, CBN tells Banks Oluwadamilare Emmanuel Apr 18, 2025 The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to comply with applicable Nigerian and…
News ATM Cash Withdrawals: New policy mutually beneficial to banks and customers… Alagbe Shenayon Feb 15, 2025 The Central Bank of Nigeria (CBN) has defended its newly introduced policy imposing charges on cash withdrawals from Automated…
Business CBN fines nine Banks for failing to distribute Cash at ATMs Toyibat Ajose Jan 15, 2025 In a strong stance against cash flow disruptions, the Central Bank of Nigeria (CBN) has penalised Deposit Money Banks (DMBs) for…
Business UBA Emerges Top 5 in KPMG Customer Experience Survey for Banks Oluwadamilare Emmanuel Jan 7, 2025 Africa’s Global Bank, United Bank for Africa (UBA) Plc, has cemented its position as a leading customer-centric institution,…
Business CBN fixes $100,000 minimum trade for banks on forex platform Alagbe Shenayon Nov 27, 2024 The Central Bank of Nigeria (CBN) has announced a minimum trade value of $100,000 for interbank foreign exchange (FX) trading via…
Business CBN vows to sanction banks hoarding, diverting cash Toyibat Ajose Nov 16, 2024 The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) regarding cash hoarding and diversion,…
News Service Disruption: FCCPC warns banks against customers’ right violation Alagbe Shenayon Oct 29, 2024 The Federal Competition and Consumer Protection Commission (FCCPC) has issued a warning to financial institutions over ongoing…