Tag: Banks
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 ...We allocate new notes to banks on daily basis, says CBN
The Central Bank of Nigeria has it allocates new naira notes to banks on a daily basis. CBN Director, Consumer Protection, Mrs ...Banks ration forex sales as scarcity bites
Banks have begun to reduce approval requests for Personal Travel Allowance and Business Travel Allowance to legitimate users. The legitimate users will ...
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