CBN directs banks to sell surplus dollars in 24 hours
The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1,…
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Banks
THE HAMMER ON BANKS: SOFTLY, SOFTLY, CBN, FG!
The equivalent of a tremor hit three banks mid last week, causing the otherwise sedate industry boardrooms to quake for effect.…
EXCLUSIVE: ‘Utmost discretion should be exercised,’ Economist…
The Chief Executive Officer, Centre for Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has said the Yemi Cardoso-led…
CIBN urges banks to prevent fraudulent transactions
The Chartered Institute of Bankers of Nigeria (CIBN) has recommended that the Central Bank of Nigeria enact policies to…
NDIC set to pay N16.18bn liquidation dividends to failed banks’ depositors
The Nigeria Deposit Insurance Corporation (NDIC) has announced its readiness to carry out full liquidation dividend payments,…
FG orders removal of non-deposit financial institutions from transfer list
Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank…
Nigerian banks set for recapitalization – CIBN
Following the recent announcement by the Central Bank of Nigeria (CBN) last weekend regarding a forthcoming round of…
NLC rallies Banks, Courts, Govt offices as strike enters day two
As the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) declare an indefinite strike, union leaders in Kaduna,…
NLC strike: Public schools, banks shut in Osogbo
Public school students in Osogbo, Osun State, were dismissed on Tuesday in response to the nationwide strike declared by the…
CBN commences clearing FX backlogs to banks
Spokesperson for the Central Bank of Nigeria (CBN) Isah Abdulmumin on Thursday confirmed that the apex bank has initiated…