CBN says foreign currency deposit by banks reduced significantly in 2020

Covid:19: CBN disburses N400 billion TCF to Nigerians, receives 8 million applications, CBN has developed guidelines for Basel III and set November to commence implementation., CBN FX policy has increased  the operational responsibilities of bank-MAN

The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money ...

Difference between a Payment Service Banks (PSB) and Deposit Money Banks (DMBs)

by Ubah Jeremiah Ifeanyi

November 8, 2021

The Central Bank of Nigeria issued an approval in principle to two of the nation’s largest telecommunication firms, MTN Nigeria ...

WorldRemit unveils USD payout option in Nigeria

We have dollars – Nigerian banks tell customers

by Suzanne Oyebola

August 2, 2021

Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN increases forex allocations to banks for SMEs, tuition fees, travellers

by Chike Olisah

June 7, 2021

The CBN has announced an increase in the amount of foreign exchange allocated to banks to meet the requests of ...

Patricia Technologies announces a new home for her non-crypto products and services on Glover Exchange

by NM Partners

March 30, 2021

Patricia introduces Glover Exchange as the new entity responsible for the day-to-day operations of its Gift cards, Airtime2Cash, and refill ...

Analysing the Central Bank of Nigeria’s Dollar Remittance Policy

by NM Partners

February 3, 2021

Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in ...

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

Despite CRR debits, Nigerian Banks record higher net interest income

by Analysts Nairametrics

December 1, 2020

Banks are recording higher net interest income, despite the CBN's frequent CRR debits chalking off significant amounts of their cash.

Fidelity Bank Plc must cover the chink in its curtains to keep rising

by Ekene Onyeama

November 27, 2020

Fidelity Bank Plc follows the narrative of top tier-2 banks, which have had better or easier years.

CRR Compliance: Banks suffer another N226 billion in CRR debits

by Chidi Emenike

November 23, 2020

Nigeria banks have had their vaults debited of N226 billion by the Central Bank of Nigeria in the apex bank's ...

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

CBN to drive implementation of zero balance account opening in banks

by Chike Olisah

October 25, 2020

The CBN has urged the DMBs to allow zero balance for the opening of new accounts.

Tag: Deposit Money Banks