Tag: Commercial Banks
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Naira redesign: How APC Govs. outmanoeuvred CBN to extend deadline for old notes
The Federal Government has filed a suit challenging the Supreme Court’s ruling on Wednesday which granted the relief sought by three All Progressives Congress (APC) governors to extend the deadline for the use of the old naira notes beyond February 10, 2023. The Governor of Central Bank Nigeria Godwin Emefiele, had announced February 10 as…
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CBN releases guidelines for operation of neutral cash hubs
The operation would ease huge cash management and deepen financial inclusion
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eNaira may reduce deposits in commercial banks, IMF warns CBN
The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria and consequently reduce demand for deposits in commercial banks.
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Court orders 21 commercial banks not to release N11.9bn to fleeing couple accused of duping investors over N22bn
A Lagos State High Court sitting at the Osborne area in Ikoyi has restrained all commercial banks in the country from releasing funds totalling N11.795 billion to Nigerian couple
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Forex malpractices: CBN threatens to suspend licences of commercial banks
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from all forms of malpractices in foreign exchange (FX) transactions.
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How 20 armed men attacked two commercial banks, killed officer in Osun – Police
The Osun Police Command says it is on the trail of the armed robbers that attacked two commercial banks in Iree, Boripe Local Government Area of Osun, on Thursday. The police also confirmed that the robbers killed a police constabulary and carted away undisclosed sum of money during the operation. Osun Police Spokesperson, SP Yemisi…
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JUST IN: Daredevil robbers attack two commercial banks in Osun, cart away cash, kill two
Two persons were fear dead as suspected armed robbers on Thursday attacked two generation banks in Iree, Boripe Local Government Area of Osun. According to reports, the robbers arrived at the two banks, in the same location at 3:50 p.m and operated for about 30 minutes. A witness, who spoke under condition of anonymity, said…
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CBN Dollar Ban designed to further enrich commercial banks – BDC operators
…apex bank failed to adequately monitor us …insist ban will further make Naira to slide beyond N600 …alleged that most staff of CBN run BDCs By Emman Ovuakporie Some Bureau de Change, (BDC) operators on Tuesday said the Central Bank of Nigeria, (CBN) directive to ban their operations is primarily designed to further enrich commercial…
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Telcos, banks commence implementation of N6.98 service charge for each USSD transaction
Telecommunications companies and commercial banks in the country have commenced implementation of the N6.98 service charge for each USSD transaction. TheNewsGuru.com, TNG reports that many users of USSD services in the country started to see a notice of the charge on their phones on Friday. USSD is a critical channel for delivering financial services, especially…