CBN warns banks, FX dealers against rejecting old, lower dollar bill denominations in Nigeria
The Central Bank of Nigeria (CBN) has issued a stern warning to Deposit Money Banks (DMBs) and authorized forex dealers, ...
Tag: DMBs
NDIC raises deposit insurance coverage for bank customers in Nigeria to N5 million
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various ...
CBN lowers banks’ loan-to-deposit ratio to 50%
The Central Bank of Nigeria (CBN) has issued a new directive to all Deposit Money Banks (DMBs) introducing a reduction ...
Top 10 beneficiaries of CBN’s N138 billion healthcare sector intervention facility
The top 10 beneficiaries of the Healthcare Sector Intervention Facility (HSIF) according to the CBN report.
NDIC mulls increments in depositors’ insurance compensation to reflect impact of macroeconomic developments
NDIC is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes.
CBN proposes new round of recapitalization for banks to service targeted $1 trillion GDP
CBN has announced its intention to carry out a fresh round of banking recapitalization for the DMBs.
BVN database hits 58.7 million as registrations slow down
The number of bank account owners in Nigeria with Bank Verification Number (BVN) increased to 58.7 million as of September ...
ANALYSIS: CBN introduction of Naira payout option for IMT Operators
CBN on Thursday issued a letter to all Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and the general ...
Telcos get NCC’s approval to disconnect banks over N120 billion USSD debt
The operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) in a statement issued on ...
NDIC denies sale of Polaris Bank to Babangida’s son-in-law, insists all Nigerian banks are safe
The reaction from NDIC follows recent media reports that Polaris Bank has been secretly sold to a new investor.
