Banks borrow N19.64trillion from CBN in 2019

net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens, What Banks can do to improve Real Sector Lending in 2021

Commercial banks borrowed N19.64 trillion from the Central Bank of Nigeria in 2019, indicating a 73% increase from the N11.36 ...

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January 8, 2020

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CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

CBN slashes ATM withdrawal fee, others, imposes N2 million fine on Banks

by Bamidele Samuel Adesoji

December 22, 2019

The Central Bank of Nigeria (CBN) has slashed withdrawal fees usually charged after the third withdrawal from Automated Teller Machines. ...

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CBN holds N43 billion stamp duty charges from banks – FG

by Titobioluwa Okunade

December 12, 2019

The Federal Government has disclosed that the sum of N43 billion collected as stamp duty on domestic transactions is being ...

Uproar as Banks, Telcos introduce charges on the use of USSD code

by Bamidele Samuel Adesoji

October 20, 2019

Deposit Money Banks (DMBs) in Nigeria have introduced charges on the use of USSD (Unstructured Supplementary Service Data) code for banking services.

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CBN exempts federation accounts, microfinance banks, ministries, others from new Cashless Policy

by Bamidele Samuel Adesoji

October 19, 2019

The CBN has exempted all revenue-generating accounts of government agencies, and several others from charges on cash withdrawal and deposits.

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CBN offers clarification on cashless policy, but Nigerians aren’t having it

by Emmanuel Abara Benson

September 20, 2019

Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.

Total loans in Nigeria's banking sector hits N15.35 trillion, Are PSBs key to Emefiele’s financial inclusion legacy?

Total loans in Nigeria’s banking sector hit N15.35 trillion

by Damilare Famuyiwa

August 25, 2019

The total loans in Nigeria's banking sector hit N15.35 trillion as at the end of March 2019. This is according ...

CBN unveils the Creative Industry Financing Initiative, offers N500m loans

by Bamidele Samuel Adesoji

May 7, 2019

The Central Bank of Nigeria (CBN) in conjunction with the Bankers' Committee, has finally unveiled the Creative Industry Financing Initiative ...

The cyber ecosystem has been weaponised; N127 billion lost to cyber crime

Hold your banks responsible for stolen cash by cyber crooks -Telcos warn

by Damilare Famuyiwa

January 29, 2019

Telcos under the auspices of Association of Licensed Telecoms Companies of Nigeria (ALTON) have said they are not liable for any ...

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