Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday.
Category: Banking
9 BANKS SCALE CBN’S DIVIDEND PAYMENT HURDLE, 4 FAIL
DIVIDEND pay-out in banks rose 12.6 percent for their financial year ended December 2018 despite the dividend restriction policy introduced by the Central Bank of
FIRST BANK MANAGER CHARGED TO COURT FOR STEALING 52MIL
Oluwatosin Omojuyigbe A customer relationship manager with First Bank of Nigeria Limited, Kehinde Adewuyi, was on Tuesday arraigned before the Igbosere Magistrates’ Court for
BANKS LOANED 12TRILLION FROM CBN IN 6MONTHS
Central Bank of Nigeria (CBN) Liquidity problems with Nigerian banks have persisted as the last six months have not been easy. The trend of tushing
BANKS TO CREATE BLACK BOOK FOR CHRONIC DEBTORS, BLACKLIST AND SHARE THEIR NAMES AMONG FINANCIAL INSTITUTIONS
To create ‘Black Book,’ share details among financial institutions Obinna Chima Tough times await chronic bank debtors as chief executive officers of financial institutions have
STERLING BANK MAN STEALS 4.4MIL NAIRA, GETS 500,000 NAIRA BAIL
Law and Order A 34-year old banker with Sterling Bank, Emmanuel Odoemena, who is under trial for an alleged theft of N4.46 million has been
NDIC SETS ASIDE 258.8BIL TO REIMBURSE DEPOSITORS IN 2019
The Nigeria Deposit Insurance Corporation (NDIC) said it has set aside the sum of N258.767 billion in the 2019 fiscal year for the reimbursement of
EX-MINISTER GOES TO COURT TO NULLIFY ACCESS BANK, DIAMOND BANK MERGER
A former Minister of Petroleum, Chief Don Etiebet, has asked Justice Mohammed Liman of a Federal High Court in Lagos to nullify the merger between
MAGU CONTINUES ATTACK ON BANKING SECTOR, SAYS FOREIGNERS SPONSOR TERRORISM THROUGH BANKS
M Ibrahim Magu, Acting EFCC Chairman The Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has alleged that recent discovery by the Commission
EFCC PRESENTS FRESH EVIDENCE AGAINST FORMER INTERCONTINENTAL BANK CHAIRMAN, AKINGBOLA
EFCC Presents Fresh Evidence Against Akingbola The trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc, continued on April 5,