Commercial banks

To further clarify its stance on payment of stamp duty by merchants, the Central Bank of Nigeria (CBN) has asked bank customers not to pay N50 charge to businesses for using point of sale (POS) machines.The Director, payment system…

⦁Query NIPOST management

THE Special Presidential Panel for the Recovery of Public Property is to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008.The panel Chairman, Mr Okoi Obono-Obla, said in Abuja on Friday…

THE House of Representatives on Thursday urged the Central Bank of Nigeria (CBN) to immediately remove surcharge levied on commercial banks for the destruction of old mutilated naira notes in the country.The House also directed that…

THE Nigerian Deposit Insurance ‎Corporation (NDIC) has warned Nigerians not to keep money at homes and shops because of the dangers in losing such money to thieves/armed robbers.Managing Director/CEO of the NDIC, Umar Ibrahim, who gave…

THE House of Representatives on Thursday urged the Central Bank of Nigeria, CBN, to as a matter of urgency, withdraw and arrange for the destruction of mutilated currency notes in circulation and replace same with new ones.The House…