Following the announcement by the Central Bank of Nigeria (CBN, last weekend that a new round of regulator-induced recapitalization of …
Read More »Tag Archives: Banks
CBN’s SLF lending to banks jumps to N268.3 billion
The amount of money that banks borrowed from the CBN’s SLF rose by 466 percent YoY to N268.3 billion at …
Read More »Banks face sanctions for faulty cheque processing from November – CBN
Banks have been alerted by the Central Bank of Nigeria (CBN) that they will incur penalties for faulty check processing …
Read More »NDIC pays over N1 billion to depositors of closed banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has paid a total of N1.084 billion to 29,573 depositors …
Read More »CBN Orders Banks to Set Aside FX Revaluation Gains as Reserve
The Central Bank of Nigeria (CBN) has issued a new directive to commercial banks, instructing them not to use their …
Read More »NDPC investigates banks, varsity, others over alleged data breach
By Ijeoma Olorunfemi The Nigeria Data Protection Commission (NDPC) says it is investigating three banks, one university and other …
Read More »Flood: Niger Govt. directs communities to avoid river banks
By Rita Iliya The Niger State Emergency Management Agency (NSEMA), has directed people living and farming around river banks …
Read More »British school hails FG for launching investigation into First Bank’s alleged breach of agreement
By Aderogba George Whiteplains British School (WBS), has commended the Federal Government for ordering investigation into allegations of forgery and …
Read More »Telecom operators to disconnect banks over N120bn USSD debt
By Funmilola Gboteku Telecommunications Operators in Nigeria say they have been granted approval by the Nigerian Communications Commission (NCC) to …
Read More »EFCC warns banks compliance officers against sharp practices
By Olubukola Aiyedogbon The Economic and Financial Crimes Commission (EFCC) has warned financial institutions and compliance officers to be diligent …
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