CBN Warns Banks Against Pegging ATM Withdrawals Below N20,000
Tag: Banks
CBN Ends Free ATM Withdrawals, Introduces New Charges
CBN Ends Free ATM Withdrawals, Introduces New Charges
CBN Threatens Sanctions Against Banks Failing To Dispense Cash Through ATMs
The Central Bank of Nigeria (CBN) has announced plans to penalise banks that do not dispense cash through their Automated Teller Machines (ATMs), as part of its efforts to maintain adequate cash circulation.
16 Bank Transactions Exempted From CBN’s New Cyber Security Charges
In a significant move, the Central Bank of Nigeria (CBN) has issued a directive for all banks to implement a 0.5% cybersecurity levy on all electronic transactions to bolster cyber defences.
Banks change ATM withdrawal limits for some customers below CBN rules
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), Arabella Star Magazine can report.
No plans to convert domiciliary accounts into Naira – CBN
The Central Bank of Nigeria (CBN) says it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira.
Nigerian banks are buoyant, CBN assures
The Central Bank of Nigeria (CBN), has assured the banking public that Nigerian banks are buoyant.
No more deadline for legal tender status of old Naira notes – CBN
The Central Bank of Nigeria (CBN), says the old Naira banknotes will henceforth remain legal “ad infinitum ”.
NDIC pays N1.39bn to depositors of failed banks
The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed microfinance banks (MFBs) and three primary mortgage banks (PMBs). The Managing Director of NDIC,…
Banks Resume Paying Nigerians Old N500, N1000 Notes
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December, some deposit money banks have started paying out the old notes.