Category: Banking
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BREAKING: CBN bars Nigerians from receiving diaspora remittances in Dollars
The Central Bank of Nigeria (CBN) has barred international money transfer operators (IMTOs) from paying Nigerians in US Dollars.
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FG told to phase out 500, 1000 Naira notes
Mr Olumide Adedoyin, Registrar of Chartered Institute of Treasury Management (CITM) has urged the federal government to phase out higher denominations of Naira notes.
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ACAMB re-elects Bolarinwa as president
The Association of Corporate Affairs Managers of Banks (ACAMB) has re-elected for a second term, the Head, Corporate Communications of Polaris Bank, Rasheed Bolarinwa, as its president.
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CIBN backs CBN on banking reforms
The Chartered Institute of Bankers of Nigeria (CIBN) has hailed the Central Bank of Nigeria (CBN) for the recent reform in some banks.
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CBN appoints new executives for Union, Keystone, Polaris banks
The Central Bank of Nigeria (CBN) has appointed new executives for Union Bank, Keystone Bank and Polaris Bank.
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FG orders banks to start deducting EMTL on foreign currency transactions
The federal government (FG) has directed commercial banks in the country to start deducting Electronic Money Transfer Levy (EMTL) on foreign currency transactions.
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NOVA Merchant Bank set for commercial banking, appoints MD
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities.
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Real reason CBN lifted ban on cryptocurrency
The Central Bank of Nigeria (CBN) has lifted the ban it imposed two years ago on cryptocurrency transactions in the Nigerian banking system.
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Bank workers open up on Naira scarcity
The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has attributed the current naira scarcity to panic withdrawals by bank customers.
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NLC berates CBN over Naira scarcity
The Nigeria Labour Congress (NLC) has lambasted the Central Bank of Nigeria (CBN) over the prevailing scarcity in the circulation of Naira notes.