UPDATED: CBN directs Nigerian banks to increase capital base
All banks are required to meet the minimum capital requirement within 24 months
All banks are required to meet the minimum capital requirement within 24 months
PREMIUM TIMES reported how the NAHCON has increased the rate for the 2024 Hajj citing foreign exchange rate adjustment.
The defendants allegedly transferred about N110 million from the National Assembly office account within less t between 27 March and ...
The CBN advised bank customers to proceed with their banking transactions as usual, as there was no cause for concern.
“What we are demanding is not for NLC nor TUC but for all Nigerians.”
“It is not a punitive but ownership culture, where all of us (should) come together to fight the menace of ...
The bank also directed all commercial banks to open for operation on Saturdays and Sundays.
The CBN policy caused widespread chaos across the nation, as frustrated Nigerians staged protests amid poor banking operations.
Governor Abiodun had vowed to deal with "every market, trader, petrol station, banker" refusing old naira notes
The operational guidelines outline the procedures that govern how banks and other financial institutions are permitted to access and manage ...
Governor Abiodun while visiting the affected areas described the level of destruction as shocking and unprecedented in Sagamu.
The bank operators urged customers to hold less cash and embrace online transactions.
NESG urged the CBN to reconsider prolonging the usage of the old notes side-by-side with the new notes.
On Monday, the protesters started by burning tyres and later burnt down two banks, throwing Sagamu into chaos.
This adds to the N1.4 billion earlier released by EFCC to the scheme on 5 August 2022.
The top UN official raised three major concerns about preparations for Nigeria's elections.
The money the CBN owes the banks are funds in the form of derivative transactions comprising forward contracts and swaps.
Millions of Nigerians continue to grapple with hardship amid the cash crunch.
Since Tuesday, banks in Ondo State have provided only skeletal services, shutting down as soon they run out of cash.
Mr El-Rufai told his audience to continue transacting with the old naira notes.
The police chief in the state summons bank managers, oil marketers, and others to defuse tension in Ondo
While POS operators in major cities have no cash, crowds remain in banks as Nigerians lament scarcity of the new ...
The scarcity of the new notes was also confirmed to this newspaper by bank managers of commercial banks in Lagos ...
With the appointments, Stanbic IBTC says it intends to strengthen its capabilities for better customer service delivery
The central bank governor says limits may be amended but the policy will go forward.
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All content is Copyrighted © 2024 The Premium Times, Nigeria