CBN Orders Banks to Publish Account Name, Dormant types, Unclaimed Balances
The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to disclose specific details of dormant ...
Tag: CBN
CBN Orders Banks to Cut Insider Loan Within 180 Days
Nigeria’s banking regulator has issued a sweeping directive requiring commercial banks to bring insider lending within statutory limits or risk ...
CBN Governor Pushes for Stronger Ties with Middle East, Highlights Economic Reforms
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger economic partnerships between Nigeria, the Middle ...
Bank Customers Lament CBN’s Hike in ATM Withdrawal Fees
Bank customers in Nigeria have criticized the recent upward review of Automated Teller Machine (ATM) withdrawal charges by the Central ...
Nigerian Businesses Struggle with High Inflation, Survey Reveals
A staggering 85.5% of large businesses in Nigeria consider inflation levels to be high, underscoring the persistent economic pressures facing ...
Approved Loan Apps Surge to 380 as Concerns Grow Over Unethical Practices
The number of digital lenders approved to operate in Nigeria has surged to 380 as of February, up from 320 ...
CBN Confirms N100 ATM Withdrawal Fee Below N20,000
The Central Bank of Nigeria (CBN) has confirmed that Nigerians withdrawing less than N20,000 from another bank’s Automated Teller Machine ...
CBN Stops Three Free Monthly Withdrawals for Customers Using Other Banks’ ATMs, Imposes More Charges
The Central Bank of Nigeria (CBN) has announced that customers will now be charged when they use Automated Teller Machines ...
Banks Reject N4.8bn in Investor Subscriptions Amid Recapitalization Drive
Four Nigerian banks—Zenith Bank, Access Holdings, FCMB Group, and Fidelity Bank—have rejected a total of N4.8 billion in investor subscriptions ...
Exporters Lament $10 Million Losses Over CBN New Export System
Exporters under the Association of West African Exporters and Maritime Professionals (AWAEMAP) have decried losses exceeding $10 million following the ...
