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

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

CBN stops banks from paying customers new naira notes at counter

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

Banks suspend int’l transactions on naira cards

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

Banks get guidelines to sell 60% shares in DisCos

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

New naira notes flood parties despite shortage at banks

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Huge wads of the newly redesigned naira notes have flooded several events in the country despite complaints by several banks that they had run...

Banks dispense redesigned naira notes to customers

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

CBN begins distribution of new naira notes to banks

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the apex bank has commenced the distribution of the redesigned naira notes...

Naira redesign: CBN orders banks to work on Saturdays

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The Central Bank of Nigeria (CBN) has directed commercial banks in the country to work on Saturdays till January 31, 2023, to enable bank...

Gov: Four out of 17 local councils in Yobe have banks

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Of the 17 local government areas in Yobe State, only four have banks operating in their council areas. As a result, most residents who are...

AMCON recovers N307bn from bank debtors in 2 years

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The Asset Management Corporation of Nigeria (AMCON) has recovered N307 billion from recalcitrant debtors in two years. In 2020, the sum of N146 billion was...
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