Tag: Banks
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CBN releases more old notes to DMBs, as banks confirm receiving more cash
As the Central Bank of Nigeria (CBN) steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents, the apex bank has released more old notes to Deposit Money Banks (DMBs). The CBN had on Thursday begun the release of…
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Banks comply with CBN’s directive to work on weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen at banks’ Automated Teller Machines (ATM) galleries.
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Banks comply with CBN’s directive to work weekends
Banks in satellite towns of the Federal Capital Territory (FCT), on Saturday opened for business as directed by the Central Bank of Nigeria (CBN). A correspondent who monitored some banks in the Territory, reports that huge crowds of customers were seen at banks’ Automated Teller Machines (ATM) galleries.
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Bank should stop issuing old notes to customers – Gov. Adeleke
Gov. Ademola Adeleke of Osun, has warned commercial banks in the state to stop issuing old naira notes to customers, if they will not accept it back as deposits. This is contained in a statement by his spokesperson, Malam Olawale Rasheed, on Monday in Osogbo.
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Banks are now paying old notes, new notes – CBN
The Central Bank of Nigeria has stated said that commercial banks have started issuing both old and new Naira notes The Acting Director of Corporate Communications CBN, Dr. Isa Abdulmumin disclosed this on Tuesday.
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FG orders banks to disburse cabotage vessel financing fund
The Federal Government has called on bankers and stakeholders to make a concerted effort towards the quick disbursement of the Cabotage Vessel Financing Fund (CVFF) a reality. The Minister of Transportation, Mu’azu Sambo made the call at a meeting with representatives of the Primary Lending Institutions and other key stakeholders.
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Banks won’t shut down services for elections – ACAMB
The Association of Corporate Affairs Managers of Banks (ACAMB) says all bank branches and digital channels will be open for banking services before, during, and after the elections. The association said this in a statement signed by its President, Mr. Rasheed Bolarinwa,
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Cash swap: Banks reopen in Benin after 4-day closure
Some commercial banks in Benin reopened for business on Monday, after shutting down on February 16, following sporadic attacks on some facilities in the city. Banks came under violent attacks on February 15 by some customers, who were enraged by their inability to make withdrawals.
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Again, EFCC recovers N900m for NHIS
The Economic and Financial Crimes Commission (EFCC) has recovered an additional sum of nine hundred million Naira for the National Health Insurance Scheme (NHIS). The spokesman for the commission, Mr. Wilson Uwujaren, made the
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Suspected hoodlums attack 4 banks, vandalise property in Epe
As agitations against Naira scarcity across the country spread, Epe town in Lagos state had its fair share of the destruction of banks and properties by some suspected hoodlums. NAN reports that about four banks were vandalised by some