Tag: Banks
Suspend charges on deposits till September, CBN directs banks
The Central Bank of Nigeria (CBN) has instructed deposit money banks and other financial institutions to halt the processing fees on deposits ...Naira closes 1,309/$ as banks sell $2.5bn
In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange ...Banks may block 70 million accounts over NIN linkage
Over 70 million bank customers are at risk of losing access to their accounts when the Central Bank of Nigeria’s directive on ...Uncertainty, confusion over NIN, BVN link to bank accounts
Confusion reigned in the banking industry yesterday as some banks restricted access to bank accounts not linked to the National Identity Number, ...Sell excess dollars in 24 hours, CBN orders banks
Amidst fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell ...Your money is safe in Nigerian banks, CBN assures depositors
The Central Bank of Nigeria has assured depositors of the safety of their funds in the country’s financial institutions. In a statement ...Naira scarcity: PoS agents hike transaction fees, banks ration cash
Bank customers’ agony over the prevailing cash scarcity increased, yesterday, as more banks resorted to rationing cash withdrawals while Point of Sale ...Dollar shortage: Banks slash travel allowance, foreign school fees
Amid a worsening foreign exchange crisis, deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers ...Hmmmm! Banks resume paying Nigerians old N500, N1000 notes
Some deposit money banks have started paying out the old notes to Nigerians following the Supreme Court judgment which extended the validity ...JUST IN: CBN directs banks to collect old N500, N1,000 notes
The Central Bank of Nigeria has directed banks to collect the old N500 and N1,000 notes from members of the public. The ...