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Banks - Page 2

Governor of Nigerias Central Bank Godwin Emefiele

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has directed the Chief Executive Officers of Deposit Money Banks (DMBs) to start accepting and paying out the old Naira notes. This was revealed by the governor of Anambra state, Chukwuma

March 13, 2023

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Business

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Deposit Money Banks (DMBs), other financial institutions and companies can now share customers’ data, in a bid to create innovative products, according to a new circular released by the Central Bank of Nigeria (CBN) on Wednesday, 8 March 2023. According to the

March 9, 2023

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Business

Nigerian Banks Address Shutting Down Operation For Presidential Election

Nigerian banks have denied reports that financial institutions plan to shut down operations due to the presidential election holding on Saturday, 25 February 2023. Messages have been circulated through WhatsApp that all banking services, including electronic payment channels, will not be available

February 23, 2023

Naira Policy: CBN Mops Up N1.6 trillion In Just I Month

Business

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

The President and Chairman of the Chartered Institute of Bankers of Nigeria (CIBN), Ken Opara, has allayed fears that some Nigerian banks could completely shut down following the failure of the Naira redesign policy. Prime Business Africa reported that the policy of

February 13, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

The Central Bank of Nigeria (CBN) has threatened to arrest persons selling the new naira notes, as it begs banks to come collect the redesigned currencies. During a sensitization programme on Wednesday, January 18, the head of Legal department of the central

January 19, 2023

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should

December 12, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

CBN Warns Banks switching companies, and other relevant parties warned against rejecting payment cards issued by other financial institutions. The Central Bank of Nigeria (CBN) made the warning in a circular titled, ‘Re: Interoperability and Interconnectivity of the Payments System Infrastructure in

December 8, 2022

Business·Insights·Real Estate

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from 11.5%, to tame inflation. The raise is expected to make

June 9, 2022

Call CBN to arrest POS agents selling naira notes

Business·Opinion·Top Stories

POS Terminals: Fraud And Alerts

By Marcel Mbamalu The landscape of Nigeria’s financial institutions has, in recent times, witnessed interesting changes that simultaneously embrace and challenge technological advancements. Point of Sale (POS) technologies have become the most popular example of this shift in financial transaction patterns. What

March 14, 2022

News·Top Stories

UROMI ROBBERY UPDATE: Sacks of Cash Recovered As Youths Block Robbers

The timely intervention of Ubiaja youths helped in recovery of sacks of cash allegedly stolen in at least five banks in Uromi, headquarters of Esan North Local Government Area of Edo State on Friday. It was gathered that the dare-devil robbers had

February 26, 2022

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Banks - Page 2

Emefiele Directs Bank CEOs To Start Accepting, Disbursing Old Naira Notes

UPDATED: CBN’s Open Banking Allows Banks, Others To ‘Trade’ Customers’ Data

Nigerian Banks Address Shutting Down Operation For Presidential Election

CIBN Addresses Report Of Banks’ Collapse, NSPMC Inability To Print New Naira Notes

Naira Hawkers Face Arrest, CBN Says Banks Ignoring New Banknotes

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

CBN Warns Banks Rejecting ATM’s Amid Customer Complaints

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

POS Terminals: Fraud And Alerts

UROMI ROBBERY UPDATE: Sacks of Cash Recovered As Youths Block Robbers

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