Tag: Deposit Money Banks (DMBs)

The apex bank said the new measure aims to promote transparency, reduce market concentration risks, and enhance the resilience of ...

To facilitate effective resolution of cash dispensing challenges, the CBN has provided state-specific contact details.

The deposit thresholds are set at maximum of USD 10 million for higher bills (USD 100 and USD 50) and ...

However, the CBN report did not provide further details on the pattern of lending and farmers' compliance with the loan ...

Ahmed Umar, director of the currency operations

He said that henceforth, composed banknotes discovered in the deposit of DMBs shall attract a penalty of 400 per cent ...

Mr Buhari launched the ABP initiative in November 2015 to boost agricultural production.

The president launched 13 pyramids of rice paddy.

In coming to grasp with policy optionsfor taming the challenge of multiple exchange rates, CBN must plug Parallel Market Fx ...

The president says the ABP initiative has "resulted in a sharp decline in the nation’s major food import bill."

Millions of Nigerians use the USSD to access banking services daily, but telcos say they are being owed by banks.

The bank prohibits dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges.

"Our efforts on growing non-oil exports have started to yield some results. For instance, in the past year, our revenue ...

The CBN’s policy mix does not appear to support the macroeconomic context of its lofty financial systems goals.

The CBN also wants the government to save for the rainy day.

Corporate/Triple-A rated companies to issue long-term Corporate Bonds at single digits.

The target is “to ensure that the masses and people at the grassroots have access to financial services.”

The bill seeks to halt contravention of global banking standards by Nigerian banks.

"The CBN has investigated over 6,000 complaints relating to unauthorised bank charges."