Deductions on banks’ accounts not fine, CBN clarifies
The Central Bank of Nigeria (CBN) has clarified that the deductions on some banks’ Cash Reserve Ratio (CRR) were
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MONEY MARKET
Bankers committee throws weight behind CBN’s cashless policy, LDR
The Bankers Committee has thrown its weight behind the Central Bank of Nigeria (CBN)’s cashless and Loan to Deposit
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CBN levies $1.3bn charge on banks for failing to meet loan target
Nigeria’s central bank has levied a charge on 12 banks for a total of more than 400 billion naira
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CBN tasks financial institutions on technology to remain in business
The Central Bank of Nigeria (CBN) on Wednesday urged financial institutions and organisations to embrace technology to remain competitive.
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CBN increases banks’ loan deposit ratio to 65%
A month after the Central Bank of Nigeria (CBN) directed all commercial banks in the country to ensure that their
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Banks allocate N15.13trn credit to private sector -NBS
The National Bureau of Statistics (NBS) says the Nigerian banking sector allocated N15.13 trillion as total value of credit to
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NDIC pays N116.258bn to customers of dead banks
The Nigeria Deposit Insurance Corporation (NDIC) on Thursday said it paid a sum of N116.258 billion to depositors and customers
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Financial inclusion: First Bank to engage 500,000 agents
The Chief Executive Officer (CEO), First Bank Nigeria PLC, Dr Adesola Adeduntan, said the bank will engage 500,000 agents across
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CBN sanctions UBA, GTBank for money laundry, others
The Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria (FRCN) have sanctioned the United Bank
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CBN sheds more light on cashless policy transaction charges
The Central Bank of Nigeria (CBN) says the transaction charges on deposit and withdrawal in furtherance of implementation of
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