Finance, Insurance Sector Hits N1.93trn as GDP Growth Slows to 3.8%
Financial institutions, including banks and insurance firms, recorded an 8.5 per cent growth in real Gross Domestic Product (GDP), contributing ...
Tag: Banks
CBN Hits Banks With N10m Penalty for Using Unauthorized Cheque Printers
The Central Bank of Nigeria (CBN) has announced a N10 million fine and cheque withdrawal for any commercial bank caught ...
BANKS: SMS Alert Charges Raised by 50%
Deposit Money Banks (DMBs) have raised their short message service (SMS) alert charges by 50 per cent with effect from ...
TARIFF HIKE: Telcos, ICT Firms in N1.69tn Debit to Banks
Information, communication, and technology firms, including telecommunications companies in Nigeria, owed Deposit Money Banks N1.69tn as of September 2024 amid ...
FG Issues Banks, Telcos Six-Month Ultimatum On N250bn USSD Debt
The Central Bank of Nigeria and the Nigerian Communications Commission have issued a final directive to Deposit Money Banks and ...
Banks Increase Withdrawal Limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day. A ...
UNVERIFIED POS OPERATORS: Reps to Summon CBN, Banks
The House of Representatives on Wednesday resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and ...
FG Slams N400m Fine on Four Banks, Others for Data Breach
The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently ...
CBN Releases List Of Licensed Deposit Money Banks (FULL LIST)
The Central Bank of Nigeria has released a comprehensive list of licensed Deposit Money Banks operating within the country. The ...
CBN Announces New Guidelines On Recapitalisation Policy, Raises Capital Base For Mega Banks To N500bn
Barely 48 hours after restating the need to increase the capital base of Deposit Money Banks for improved productivity, the ...
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