International Monetary Fund (IMF) has said the directive from the Central Bank of Nigeria (CBN) that deposit money banks should achieve a minimum loan-to-deposit ratio could...
Chief David Umahi, governor of Ebonyi State, on Wednesday, stated the readiness of his government not to pay November and December salaries to civil servants in...
Central Bank of Nigeria (CBN) will soon release a new bank verification number (BVN) guideline and set additional rules that will guide it in watch-listing fraudulent...
The payment system globally has become largely digitalised with channels such as Mobile Apps, e-wallets, POS, ATMs gradually becoming the preferred ways of making different forms...
The burden of handling cash by banks and merchants was becoming enormous that central bank of Nigeria conceived and began promoting electronic payment channels to ease...
House of Representatives has mandated the Committee on Banking and Currency to interface with the Central Bank of Nigeria (CBN) and Nigerian Deposit Insurance Corporation (NDIC)...
Central Bank of Nigeria (CBN), has pledged to increase the figures of bank customers enrolled on the Bank Verification Number (BVN) system from 38 million to...
Bank customers who complained of excess/unauthorised charges, frauds, guarantees, dispense errors and funds transfers; demanded and received some N3.093 billion and $1.724 million respectively from money...
Workers in the nation’s banking sector at the weekend threatened to ground all banking operations nationwide beginning from January 2, 2020. Association of Senior Staff...
Nigeria Employers’ Consultative Association (NECA), has raised concerns over the Central Bank of Nigeria’s (CBN) directive to banks on lending, saying it could pose a risk...
