Tag: Banks
Full list: 16 banking transactions exempted from new CBN’s cybersecurity levy
According to the circular, the cybersecurity charge would take effect two weeks from May 6, 2024. The Central Bank of ...
Senate Committee Chair Raises Concerns Over Bank Recapitalisation
Senator Izunaso voices concern over bank recapitalization, highlighting risks of private placement and money laundering, urging strict scrutiny of shareholders ...
CBN raises minimum capital requirements for banks
The new minimum capital base for banks with international authorisation is pegged at N500 billion The Central Bank of Nigeria ...
CBN bars banks from profiting from forex revaluation
Foreign exchange revaluation gains occur when a bank’s assets or liabilities denominated in foreign currencies increase in value due to ...
70% of financial crimes in Nigeria facilitated by banks – EFCC
This is as EFCC’s Chairman, Ola Olukayode, disclosed that about 70 per cent of the financial crimes in the country ...
CBN halts payment of PTA, BTA In Cash
This is part of the apex bank measure to stem naira's depreciation and reduce dollar demand in the country. The ...
Notify customers before debt recovery moves, CBN tells banks
Additionally, the document emphasizes that foreclosures should only be pursued as a last resort after exhausting other recovery options The ...
CBN bans banks, fintechs from international money transfer services
The exclusion mentioned in the document pertains to individuals associated with the management, shareholders, and officers of banks The Central ...
CBN goes tough on commercial banks hoarding foreign currencies
The NOP measures the difference between a bank's foreign currency assets and liabilities On Wednesday, the Central Bank of Nigeria ...
Your money safe in banks, NDIC boss reassures customers
The role of NDIC in safe guiding the interests of depositors, maintaining financial stability, and promoting public confidence in the ...
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