Tag: DMBs

Cash scarcity and CBN’s fine of DMBs

IN a decisive demonstration of its commitment to ensuring seamless cash flow,…

CBN to mop up unclaimed funds in dormant bank accounts above 10 years

Central Bank of Nigeria (CBN) has ordered Deposit Money Banks to transfer…

These empty ATMs

A disturbing trend among Deposit Money Banks  (DMBs) in Nigeria today is…

Why POS operators will dispense more than DMBs—Expert

A Nigerian investor and co-founder of multiple businesses, Osaretin Victor Asemota on…

FULL LIST: See Deposit Money Banks (DMBs) in Nigeria

The Central Bank of Nigeria (CBN) has released a comprehensive list of…

CBN recovers from DMBs over N15bn, $22m illegal deductions, failed transactions

The Central Bank of Nigeria (CBN) has disclosed that over N15 billion…

Reps to probe excess charges, illegal deductions by commercial banks

The House of Representatives, on Tuesday, resolved to investigate the issue of…

CBN gives update on operational changes issued to FX market

The Central Bank of Nigeria (CBN) has provided further guidance to Deposit…

CBN directs commercial banks to start payment of new notes over counter

“In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed…

CBN retains banks’ loan to deposit ratio at 65 per cent 

The Central Bank of Nigeria(CBN) has directed Deposit Money Banks (DMBs) to…

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