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Deposit Money Banks
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.
The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to policy framework and standards that guide their respective operations in the ecosystem in which they operate.
Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the initiative.
The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.
At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said.
Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
The Central Bank of Nigeria (CBN) said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Monday unveiled his economic blueprint for the country, promising to recapitalise banks within the next five years to make them contribute significantly to economic growth.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).
A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that total aggregate loans granted by Microfinance Banks (MFBs) to micro small and medium enterprises (MSMEs) in the country stood at N482.896 billion as at December 2018.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from the probe.
The Federal Government on Wednesday introduced the Strategic Revenue Growth Initiative to generate more revenues to finance national development.
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
The Central Bank of Nigeria (CBN) on Thursday said the proposed increase in minimum wage for Nigerian workers would stimulate output growth in the economy.
The police in Lagos have arrested a 34-year-old man Innocent Ifunayachi for allegedly drugging and raping a teenage daughter of his host.
Hong Kong riot police fired tear gas and water cannons at hardcore pro-democracy protesters hurling rocks and petrol bombs on Sunday, tipping the violence-plagued city back into chaos after a brief lull in clashes.
No fewer than fifty timber shades and carpentry workshops were burnt down on Saturday in a market midnight fire in Jos, capital of Plateau State.
President Muhammadu Buhari has sent felicitations to the monarch of Nupe Kingdom in Niger, Etsu Nupe, Alhaji Yahaya Abubakar as he marked 16 years on the throne and celebrated 67th birthday.
Former ward chairmen of the Peoples Democratic Party (PDP) from the across the 105 wards in the state under the aegis of Patriots have condemned in very strong terms the continued attack on the person of the Senator representing West Senatorial District, Senator Lawrence Ewrudjakpo over his nomination as the running mate to the PDP candidate, Senator Douye Diri in the November 16 governorship election.
Actress Felicity Huffman was given two weeks jail time Friday for paying bribes to help her daughter gain admission to a prestigious American university, the first high-profile figure to be sentenced in a cheating scandal that rocked America.
The Department of Petroleum Resources (DPR) in Nasarawa State has sealed 13 petrol stations and seven Liquefied Petroleum Gas (LPG) refilling outlets for violating operational guidelines.
Moshood Oshun representing Lagos Mainland Constituency 2 in the Lagos State House of Assembly has appealed to his constituents to comply with all the environmental laws of the state, as a major way of addressing environmental issues in the state.
Marcelino has been sacked as Valencia coach after an indifferent start to the season, the Spanish La Liga club said on Wednesday.
Senator Dino Melaye, representing Kogi West on te platform of the Peoples Democratic Party (PDP) has appealed the August 23, 2019 judgment of the Kogi State National and State Houses of Assembly Election Tribunal, which voided is election.