A recent report says the earnings of Nigeria’s Deposit Money Banks from digital payment platforms grew by 64% to reach N212.66 billion in 2019.
The CBN said that interest rate on its health intervention facility shall revert back to 9% p.a. (all-inclusive) as from 1st March 2021.
The CBN cleared the air on the order it gave to DMBs on transactions carried out through domiciliary accounts in the country.
CBN Financial Stability Report has revealed that the apex regulator and 15 DMBs have injected N228.28 billion in AMCON in 12 months.
Banks refund N3.09 billion to customers over fraud, excess charges, others
The Nigeria Deposit Insurance Corporation has disclosed that it has refunded over N526, 414 depositors of closed Deposit Money Banks.
CBN has refunded some DMBs that were imposed a cumulative N500bn “penalties” for breaching the it’s directive on lending to the real sector of the economy.
The CBN has finally granted DMBs the approval to directly debit bank accounts belonging to loan defaulters across all banks in the country.
The CBN has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits.
The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.