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.
Tag: DMBs
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 ...
CBN’s 60% LDR Target: Don’t lend to unbankable projects – LCCI warns banks
The Lagos Chamber of Commerce and Industry (LCCI) has warned Deposit Money Banks (DMBs) against lending to unbankable projects.
CBN says commercial banks can invest in Treasury Bills for now
The Central Bank of Nigeria has dismissed reports that it has finally barred commercial banks from investing in treasury bills ...
Reasons why CBN directed DMBs to loan out their deposits revealed
In order to boost lending to the economy real sector, the Central Bank of Nigeria (CBN) has mandated Deposit Money ...
CBN takes proactive step by introducing Clean Notes Policy
he Central Bank of Nigeria (CBN) has introduced the clean note policy, aimed at putting an end to the circulation ...
2019 Elections: Guard against money laundering, CBN warns DMBs
CBN vows to punish violation of Money Laundering Act
