banks

New naira notes: CBN threatens to fine banks N1m daily

The Central Bank of Nigeria (CBN) has vowed to fine any commercial bank that failed to pick up new naira…

1 year ago

CBN: We’ll sanction banks hoarding new naira notes

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

1 year ago

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

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

1 year ago

CBN: We’ll monitor banks’ compliance on new naira notes

The Central Bank of Nigeria (CBN) says it would monitor commercial banks to ensure they comply with the directive of…

1 year ago

CBN stops banks from paying customers new naira notes at counter

The Central Bank of Nigeria (CBN) has ordered commercial banks in the country to stop paying customers the newly redesigned…

1 year ago

Banks suspend int’l transactions on naira cards

Many Nigerian banks have suspended international transactions on their naira Mastercards, with Guaranty Trust Bank Plc (GTBank) becoming the latest…

1 year ago

Banks get guidelines to sell 60% shares in DisCos

The Bureau of Public Enterprises (BPE) has issued guidelines to the banks/lenders for the sale of their 60% shares in…

1 year ago

New naira notes flood parties despite shortage at banks

Huge wads of the newly redesigned naira notes have flooded several events in the country despite complaints by several banks…

1 year ago

Banks dispense redesigned naira notes to customers

Commercial banks in Nigeria, on Thursday, commenced the dispensation of newly redesigned naira notes to customers. Scores of customers were…

1 year ago

CBN begins distribution of new naira notes to banks

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank has commenced the distribution of…

1 year ago

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