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.
JUST IN: Banks Burnt As Naira Scarcity Protest Rocks Ogun
At least three banks were torched on Monday as protest over scarcity of new naira notes rocked the Sagamu area of Ogun State.
JUST-IN: CBN Denies Asking Banks To Accept Old N500, N1000 Banknotes
The Central Bank of Nigeria (CBN) has refuted news report quoting a source in the bank as saying that the apex bank has ordered commercial banks to start accepting the old N500 and N1000 banknotes.
New Naira: I’ll Take A Major Decision In 7 Days – Buhari
President Muhammadu Buhari has implored citizens to give him seven days to resolve the cash crunch that has become a problem across the country from the policy of the Central Bank of Nigeria (CBN) to replace high value Naira notes with new ones.
New Naira Notes Will Get To Nigerians Soon, CBN Assures
The Central Bank of Nigeria (CBN) has reassured Nigerians of the availability of the newly-designed naira notes.