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Naira notes: Buhari decries banks’ inefficiency, to take major decision in...

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President Muhammadu Buhari on Friday, February 3, lambasted Nigerian banks, declaring that most of them are inefficient. “Some banks are inefficient and only concerned about...

CBN orders banks to pay Nigerians N20,000 new notes

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The Central Bank of Nigeria (CBN) has directed commercial banks in the country to start paying N20,000 new notes to customers over the counter. The...

CBN to banks: Pay new naira notes over the counter

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The Central Bank of Nigeria (CBN) has directed commercial banks in the country to start paying new 200, 500, 1,000 naira notes to customers...

Emefiele: Banks’ll accept old naira notes after deadline

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says commercial banks in the country will continue to accept old naira notes...

Old notes: CBN, banks mop up N1.9trn, N900bn still with Nigerians

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The Central Bank of Nigeria (CBN) and commercial banks have mopped N1.9 trillion old naira notes from circulation, leaving N900 billion with Nigerians. A staggering...

Customers flood banks for collection of new naira notes

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Long queues of bank customers, on Friday, thronged Automated Teller Machines (ATMs) of banks at the Federal Capital Territory (FCT) to collect the new...

Banks counter CBN over hoarding of new naira notes

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Operators of Commercial Banks in the country have countered the Central Bank of Nigeria (CBN) over claims that the commercial banks have enough naira...

New naira notes: CBN threatens to fine banks N1m daily

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The Central Bank of Nigeria (CBN) has vowed to fine any commercial bank that failed to pick up new naira notes for distribution N1...

CBN: We’ll sanction banks hoarding new naira notes

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The Central Bank of Nigeria (CBN) has vowed to sanction any commercial bank found hoarding the new naira notes, saying it has produced enough...

Adeduntan urges banks to improve loan monitoring against NPLs build-up

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The Managing Director/Chief Executive Officer of First Bank, Dr. Adesola Adeduntan, has urged financial institutions in the country to improve the monitoring of their...
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