CBN to Penalize Banks and BDC’s Refusing Old Dollar Notes
The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions in the country, emphasizing that the ...
Tag: deposit money banks
Banks Set Aside N383bn for Legal Claims Amid Growing Litigation
In a move aimed at pre-empting potential legal disputes, nine major Deposit Money Banks (DMBs) in Nigeria have collectively set ...
CBN Injects Over $300 Million into Banks as Naira Sees Uptick
Amidst concerted efforts to stabilize the naira-dollar exchange rate, the Central Bank of Nigeria (CBN) has injected over $300 million ...
Naira Resilience: Forex Sales Dip as Demand Surges
In a week marked by fluctuating forex dynamics, the Nigerian Naira showcased its resilience amidst shifting market conditions. Despite a ...
Market Cheers CBN Reforms as Naira to N1300 Against Dollar
In a notable turn of events, the financial markets in Nigeria responded positively to recent reforms implemented by the Central ...
CBN releases additional FX reforms, relaxes restriction on domiciliary accounts.
The Central Bank of Nigeria (CBN) has introduced new guidelines and policy changes in the Foreign Exchange (FX) market to ...
Telcos issue banks disconnection notice over USSD debt
Telecommunication firms in Nigeria have issued a notice of disconnection to Deposit Money Banks (DMBs) due to an ongoing dispute ...
CBN Mediates Dispute Between Telecoms and Banks Over USSD Payments
The Central Bank of Nigeria (CBN) has stepped in to mediate the ongoing dispute between telecoms firms and deposit money ...
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