Tag: Commercial Banks
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CBN Orders Banks to Move Services from Telcos Charging for USSD Transactions
Commercial banks offering financial services to its customers through the use of the Unstructured Supplementary Service Data (USSD) via telecommunications companies operating in Nigeria have been directed to move to telcos charging less for the transaction. This directive was given by Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Sunday in…
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Emefiele unveils five-year agenda, reveals plans to recapitalise commercial banks
In the next five years, the Central Bank of Nigeria (CBN) says it will pursue a programme of recapitalising the banking industry to rank among the top 500 banks in the world. CBN Governor Godwin Emefiele stated this on Tuesday in Abuja while unveiling his agenda for his second term in office. He lamented that…