Tag: Deposit Money Banks

The directive takes effect immediately, according to a letter by the regulator to all banks, issued on Thursday.

At an event organised by the group in Abuja, participants recognised that women’s economic empowerment was central to inclusive growth, ...

The enforcement followed spot checks on the affected banks’ branches during the yuletide period, a time of high demand for ...

The CBN shall not hesitate to apply strict sanctions on DMBs who are reported to have rejected deposits of Naira ...

The CBN will not hesitate to sanction any commercial bank or authorised forex dealer that refuses to accept old series ...

The NDIC’s Interim Management Committee (IMC) approved the adjustment during its 18th meeting on 24 and 25 April

The attention of the CBN has been drawn to the circulation of counterfeit banknotes, especially higher denominations, by some individuals ...

The IMF, however, said the weak effect of agricultural credit on production growth could be associated with difficulties in targeting ...

The new policy allows beneficiaries of remittances to receive inflows in foreign currency through their bank or into their domiciliary ...

The bank explains how the proposed increase would stimulate output growth in the economy.

Some analysts condemn the move.

CBN injects another $545 million into FOREX market