CBN says foreign currency deposit by banks reduced significantly in 2020
The Central Bank of Nigeria (CBN) stated that it recorded a significant reduction in foreign exchange deposits by Deposit Money ...
Tag: Deposit Money Banks
Difference between a Payment Service Banks (PSB) and Deposit Money Banks (DMBs)
The Central Bank of Nigeria issued an approval in principle to two of the nation’s largest telecommunication firms, MTN Nigeria ...
We have dollars – Nigerian banks tell customers
Deposit money banks in the country have moved to implement the directive from the Central Bank of Nigeria (CBN) to ...
CBN increases forex allocations to banks for SMEs, tuition fees, travellers
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
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
Following CBN's policy, WorldRemit was the first digital service to offer its customers the option of USD cash pickup in ...
Despite CRR debits, Nigerian Banks record higher net interest income
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
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
Nigeria banks have had their vaults debited of N226 billion by the Central Bank of Nigeria in the apex bank's ...
CBN to drive implementation of zero balance account opening in banks
The CBN has urged the DMBs to allow zero balance for the opening of new accounts.
