The Central Bank of Nigeria (CBN) has directed all its branches to continue to issue and accept all denominations of both old and redesigned Naira notes to and from Deposit Money Banks (DMBs). The Acting Director of the bank, Corporate…
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be take counter security measures to tackle financial risks that may want to circumvent the system. The regulatory urged…
Deposit Money Banks (DMBs) on Monday commenced sales of dollar at N412 to retail customers that meet required documentations. This is in compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks have…
In efforts to resolve the prolonged impasse between Telcos and Deposit Money Banks(DMBs), the federal governoment has announced N6.98 per transaction as new charges for unstructured Supplementary Service Data(USSD) to replace the current per session billing pattern. This was contained…
By Kayode Tokede The Central Bank of Nigeria has disclosed that Deposit Money Banks (DMBs) and merchant bank through the Standing Deposit Facility (SDF) average deposit dropped by N21.87billion in 2020. The economy half-year activity report of the apex bank…
Deposit Money Banks (DMBs) and merchant banks deposited N606.90billion with Central Bank of Nigeria (CBN) in October 2020. The apex bank revealed this in its monthly economic report for October 2020, which was posted on its website. DMBs and merchant…
