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CBN to fine banks releasing Naira notes to hawkers N150m

The Central Bank of Nigeria (CBN) has vowed to impose a N150 million fine per branch on any bank releasing naira notes to currency...

Business

NITDA Alerts Nigerians Of New Malware Targeting Bank Accounts

The National Information Technology Development Agency (NITDA) has warned against a new version of the banking malware Grandoreiro targeting bank users globally.According to the...

Business

Amid service disruption saga, FCCPC warns banks against customers’ right violation

Amid the recurring issue of service disruptions experienced by banks in the country as they migrate their tech structures, the Federal Competition and Consumer...

Business

Mega Profits Declared By Banks Will End Soon— IMF

The International Monetary Fund (IMF) has called on central banks and policymakers to encourage their banks to build resilience to future shocks saying the...

Business

CBN gives banks go ahead to deposit excess FX at Lagos, Abuja branches

In a bid at deepen the foreign exchange market, boost liquidity and attain convergence in the exchange rates, the Central Bank of Nigeria (CBN)...

Business

Bank customers to now pay cybersecurity levy on transactions

Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 the Central Bank of Nigeria (CBN) has ordered deposit money banks in...

Business

IMF charges banks to guide against cyber attacks, as thieves steal $12bn

Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on...

Business

CBN bans use of foreign currency as collateral for naira loans

The Central Bank of Nigeria (CBN) has banned the use of foreign currencies as collaterals for naira loans.The CBN gave the directive in a...

Business

CBN tells banks to expedite action on raising capital base to guide against risk

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to expedite action to increase their capital base from...

Business

Non-Remittance: EcoBank, Access Bank, two others grilled by HoR over N11.632trn revenue collections

Ecobank, Access Bank and two other commercial banks operating in the country have appeared before the House of Representatives (HoR) Committee on Public Account,...

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Tag: Banks

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