DMBs
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Finance
Nigerian Banks Are Resilient, Safe, Sound – CBN Insists
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday, July 26 –…
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Finance
NDIC Begins Liquidation Dividends Payment To Depositors Of 14 Closed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and…
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Finance
CBN Increases Forex Allocation To Banks, Assures Liquidity For Invisibles
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to…
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Finance
CBN: MPC Retains Interest Rate At 11.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday voted to retain Monetary Policy Rate (MPR)…
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Business
NDIC, CIBN Strengthen Collaboration To Improve Professionalism In Banking Industry
The Managing Director and Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan, has stressed the need for…
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Finance
CBN Removes All Directors Of First Bank, Calls For Calm
The Central Bank of Nigeria (CBN) has approved the immediate removal of all directors of First Bank Nigeria Limited and…
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Communications
USSD: Nigerians To Pay N6.98k per Transaction From Today
Effective from Today, March 16, 2021, USSD services for financial transactions conducted at Deposit Money Banks and all CBN –…
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Finance
Cryptocurrencies Largely Untraceable, Used For Money Laundering, Terrorism Financing -CBN
The Central Bank of Nigeria (CBN) has clarified why it directed Deposit Money Banks (DMBs) and other financial institutions to…
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