Tag: Commercial Banks
CBN orders banks to sell all excess dollars in their domains today
The circular said the CBN had noted with concern the growth in foreign currency exposures of banks through their Net…
Confusion: Banks dare CBN, to collect old N500, N1000 notes
There had been report earlier on Friday that the Central Bank of Nigeria (CBN) directed commercial banks in the country…
Abiodun threatens to shut down banks rejecting old naira notes
The warning is sequel to complains received from the people that commercial banks and some filling stations were rejecting the…
Court orders CBN not to extend deadline for Naira swap
Four political parties had gone to court to seek an injunction asking the CBN, Buhari and the banks from extending…
CBN orders banks nationwide to work on Saturdays
He explained that the new and existing currencies shall remain legal tender and circulated together until Jan. 31, 2023, when…
FCT customers lament tedious bank operations
Customers of different banks in the Federal Capital Territory and environs have lamented the stressful banking operations saying it negated…
CBN issues bank notes fitness guidelines to commercial banks, others
The Central Bank of Nigeria (CBN) on Wednesday issued banknotes fitness guidelines to commercial and micro finance banks to sustain…
4 commercial banks donate N980m to Police in 2017
Four commercial banks donated a total of N980 million to the Nigerian Police Force in 2017 to support its activities,…
Commercial Banks To Cut Lending Rates
Tanzania’s Central Bank has asked commercial banks to consider lowering their lending rates to help spark credit growth in east…
Anambra Govt. seals banks, hotels, schools over tax evasion
The Anambra Government on Thursday sealed-off no fewer than 35 buildings in the industrial town of Nnewi over the refusal…
Public Complaints Commission cautions commercial banks against extortion
The Public Complaints Commission on Tuesday cautioned commercial banks in Kaduna State against extorting innocent customers through unfair service and…
Commercial Banks owing N12bn of government revenue – RMAFC
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has demanded the immediate return of over N12 billion unremitted funds from…
CBN charges for currency sorting when banks fail to do so
The Central Bank of Nigeria (CBN) says it does not charge Deposit Money Banks (DMBs) for Currency Sorting Services for…
Robbers Sack Banks In Ijebu Ode
Banks in Ijebu-Ode and its environs in Ijebu Ode Local Government Area of Ogun State, South West Nigeria have been…
Sharp Practices In Banks Must Stop
The scale of unethical practices in Nigerian banks is worrisome. Daily, complaints about illegal deductions either through ATMÂ or directly…