Weekly Newsletter
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DMBs
Nigeria’s apex bank, CBN, refutes report directing banks to collect old N500, N1000 notes
Nigeria’s apex bank, the Central Bank of Nigeria (CBN), has denied directing commercial banks to collect old N500 and N1,000 from Nigerians, dismissing...
Nigerians react to another discovery of buried naira notes
Another buried naira notes have surfaced but this time it is already decayed. Confiance News gathered from Twitter on Saturday. According to a...
Access Bank, others commence closure of accounts of unregistered associations
Access bank among other Deposit Money Banks (DMBs) have began closing accounts of unregistered associations domiciled in their banks. This is in compliance...
CBN, PSPs, others partner to deepen adoption of eNaira
By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN) and key stakeholders in the payments system ecosystem, particularly Payment Service...
CBN to sanction DMBs, Forex dealers who reject old, lower denominations of dollars
By Chioma Obinagwam Nigeria’s central monetary authority, the Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) and Authorized Forex dealers...
Why CBN introduced new charges for USSD services
By Chioma Obinagwam Nigeria’s apex monitoring authority, the Central Bank of Nigeria (CBN) in a bid to ensure cheaper Unstructured Supplementary Service Data...
Nigeria’s apex bank prohibits banks from facilitating cryptocurrencies payments
By Chioma Obinagwam Nigeria’s apex bank- the Central Bank of Nigeria (CBN) has directed banks in the country to stop dealing in cryptocurrencies....
Banks commence disbursement of creative industry intervention funds at single digit
By Chioma Obinagwam Banks in Nigeria under the aegis of the Bankers’ Committee have commenced the disbursement of loans for creative industries in...
Don't Miss
Again Ikeja Electric customers experience frustration in recharging energy tokens
By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...