DMBs

Cash scarcity and CBN’s fine of DMBs

IN a decisive demonstration of its commitment to ensuring seamless cash flow, the Central Bank of Nigeria (CBN) recently imposed…

3 months ago

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 funds from Dormant Accounts, unclaimed balances above 10…

10 months ago

These empty ATMs

A disturbing trend among Deposit Money Banks  (DMBs) in Nigeria today is paucity of cash in  banking halls and empty…

10 months ago

Why POS operators will dispense more than DMBs—Expert

A Nigerian investor and co-founder of multiple businesses, Osaretin Victor Asemota on X (formerly Twitter) has identified reasons Point of…

11 months ago

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

The Central Bank of Nigeria (CBN) has released a comprehensive list of Deposit Money Banks (DMBs) in the country. The…

12 months ago

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

The Central Bank of Nigeria (CBN) has disclosed that over N15 billion has been recovered and refunded to customers from…

2 years ago

Reps to probe excess charges, illegal deductions by commercial banks

The House of Representatives, on Tuesday, resolved to investigate the issue of excess charges and illegal deductions by commercial banks…

2 years ago

CBN gives update on operational changes issued to FX market

The Central Bank of Nigeria (CBN) has provided further guidance to Deposit Money Banks (DMBs) on operational changes to foreign…

2 years ago

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

“In line with this resolve, the Governor, Mr. Godwin Emefiele, has directed deposit money banks (DMBs) to commence the payment…

2 years ago

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

The Central Bank of Nigeria(CBN) has directed Deposit Money Banks (DMBs) to maintain the existing Loan to Deposit Ratio of…

5 years ago

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