Banks

Forex: CBN allays fears over domiciliary account deposits

The Central Bank of Nigeria (CBN) dismissed speculations that it planned to convert the foreign exchange in domiciliary accounts of…

5 years ago

FIRS appoints banks to recover N1.8trn from MultiChoice

The Federal Inland Revenue (FIRS) has appointed some commercial banks as agents to recover the sum of N1.8 trillion from…

5 years ago

NCC cautions banks, telcos over illegal GSM boosters installation

The Nigerian Communications Commission (NCC) has warned the general public especially banks and other financial institutions, government agencies, telecommunications service…

5 years ago

CBN to sanction banks, BDCs for rejecting old, smaller dollars notes

The Central Bank of Nigeria (CBN) has threatened to sanction banks and Bureau de Change (BDC) operators that reject old…

5 years ago

Banks lend N130bn to oil firms in February, says CBN

Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn…

5 years ago

ÙSSD commission impasse: MTN, banks reach agreement

MTN Nigeria and banks in the country on Thursday reached a consensus over the unstructured supplementary service data (USSD) commission…

5 years ago

Nigeria’s Communication Minister wades into MTN-banks feud

Nigeria's Minister of Communications and Digital Economy, Isa Pantami, has intervened in the disagreement between  MTN Nigeria and commercial banks,…

5 years ago

CBN urges Nigerians to report banks hoarding forex, retains rates

As part of measures to address the illiquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has…

5 years ago

CBN COVID-19 palliative boosts banks lending

Banks have recorded an increase in their lending to private sector as it rose by 2.57 per cent to N30.19trn…

6 years ago

Banks to take charge of collection, remittances of electricity bill

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to take charge of the collection of electricity bill…

6 years ago

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