CBN explains why banks can’t lend at single digit interest rate
The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr Joseph Nnanna, on Thursday blamed the inability of Deposit…
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Banks
Nigerian banks stop cash withdrawal from overseas ATMs
Commercial banks have suspended all cash withdrawals from overseas Automated Teller Machines (ATMs), except for customers whose…
Resolve USSD disputes in three days, CBN directs banks
The Central Bank of Nigeria, on Saturday, directed all commercial banks to resolve disputes arising from use of Unstructured…
Banks must seek Adeosun’s approval before lending to states –…
Investigations have shown that states will now have to depend on a formal approval by the Minister of Finance before their loan…
Nigerian banks lose N12.30bn to fraudsters in four years – NIBSS
The Nigerian Inter-Bank Settlement System (NIBSS), on Thursday, said the banking industry lost the sum of N12.30 billion to…
Banks to adopt N360/$ exchange rate for 2018 financial results
Commercial banks are expected to adopt N360/$ exchange rate in reporting their 2018 financial results, a report from Exotic…
Banks’ average daily loan request from CBN hit N216b
Commercial banks’ average daily loan requests from the Central Bank of Nigeria (CBN) stands at N216.34 billion due to the apex…
Forex: CBN injects $210m into market, warns banks against hoarding
…Urges customers to report erring banks
The Central Bank of Nigeria (CBN) has made available 210 million dollars to meet…
Banks sabotaging efforts on new notes – CBN
The Central Bank of Nigeria (CBN) has blamed commercial banks for sabotaging its efforts in replacing mutilated notes with new…
Delayed accounts: CBN threatens to sack CEOs, chairmen of defaulting banks
The Central Bank of Nigeria (CBN) has directed that henceforth CEOs and chairmen of any bank which fails to publish its annual…