Banks

CBN clears air on banks failure to meet Capital Adequacy RatioCBN clears air on banks failure to meet Capital Adequacy Ratio

CBN clears air on banks failure to meet Capital Adequacy Ratio

The Central Bank of Nigeria (CBN) has refuted claims suggesting that certain Nigerian banks fell short of the capital adequacy…

1 year ago
N120 billon USSD debt: Telecos firms to take legal action against banksN120 billon USSD debt: Telecos firms to take legal action against banks

N120 billon USSD debt: Telecos firms to take legal action against banks

Telecommunication companies operating within the nation have issued a warning of pursuing legal measures against banks concerning the outstanding N120…

2 years ago
Court stops banks from releasing funds linked to Chinmark GroupCourt stops banks from releasing funds linked to Chinmark Group

Court stops banks from releasing funds linked to Chinmark Group

The Lagos State High Court sitting in Osborne, Ikoyi has granted an order of Mareva injunction restraining all commercial banks…

3 years ago
Dollar scarcity forces banks to ration $4,000 Personal Travel AllowanceDollar scarcity forces banks to ration $4,000 Personal Travel Allowance

Dollar scarcity forces banks to ration $4,000 Personal Travel Allowance

Dollar Scarcity has forced Banks to ration $4,000 Personal Travel Allowance (PTA). “This is not funny”, Debra voiced out at…

3 years ago
CBN imposes N400 penalty on banks for every mutilated N100 noteCBN imposes N400 penalty on banks for every mutilated N100 note

CBN imposes N400 penalty on banks for every mutilated N100 note

Nigeria’s central bank, CBN, has imposed a penalty of N400 on deposit money banks (DMBs) for every mutilated N100 sent…

3 years ago
List of banks that offer loans without collateral in NigeriaList of banks that offer loans without collateral in Nigeria

List of banks that offer loans without collateral in Nigeria

Some Nigerian Deposit Money Banks (DMBs) are pushing for unsecured lending, a loan that does not require collateral, as demand…

3 years ago
CBN to stop sale of foreign exchange to banks by end of 2022CBN to stop sale of foreign exchange to banks by end of 2022

CBN to stop sale of foreign exchange to banks by end of 2022

The Central Bank of Nigeria (CBN) has indicated that it would discontinue the sale of foreign exchange to Deposit Money…

3 years ago
BREAKING: CBN to stop selling Forex to banks by end of 2022 – EmefieleBREAKING: CBN to stop selling Forex to banks by end of 2022 – Emefiele

BREAKING: CBN to stop selling Forex to banks by end of 2022 – Emefiele

The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex…

3 years ago
NIMC portal temporarily unavailable as telecom firms, banks, others suffer service failureNIMC portal temporarily unavailable as telecom firms, banks, others suffer service failure

NIMC portal temporarily unavailable as telecom firms, banks, others suffer service failure

A huge number of mobile telecommunications subscribers across the country who have been seeking to retrieve their lost Subscriber Identity…

3 years ago