REVEALED: CBN May Take Critical Step on Banks’ Capital Base
The report, titled, “Nigerian banks: On the cusp of a new dawn”, based the projection on the prospects of the CBN returning to the dollar ratios of capital bases-to-GDP set in 2005.
Tag: Banks
CBN Makes Fresh Proposal Over Dormant Account Balances, Unclaimed Funds, Others
This is contained in the recently released exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances, and Other Financial Assets in Banks and Other Financial Institutions In Nigeria.
N3.4 billion Debt: Court Blocks Oyo Govt’s Accounts In Four Banks
‘The affected banks are First Bank, United Bank for Africa, Wema Bank and Zenith Bank.’
CBN’s Order: Gov. Soludo Gives Fresh Directives To Anambra Residents Over Banks, Individuals Rejecting Old Naira Notes
The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023.
CBN Grants Fresh Approval To Zenith Bank
With this change, the organization will have a banking subsidiary along with other subsidiaries in the financial services sector.
Naira Crisis: CIBN To Address Challenges, Prioritizes Bankers’ Safety
It said the banks would continue to remain open to serve the public as long as it was safe to do so.
Nigerian Protesters Set Banks, Fuel Station Ablaze Over New Naira Crisis
The protesters comprised mainly tricycle and motorcycle operators who were angered by the commercial banks’ refusal to accept the old 200, 500, and 1000 naira notes.
![Breaking: [Photos] EFCC Arrest Operations Manager of Commercial Bank For Hoarding Over N100m New Notes](https://deeruditecommunications.com/wp-content/uploads/2023/02/1675701600951_1.jpg)
Breaking: [Photos] EFCC Arrest Operations Manager of Commercial Bank For Hoarding Over N100m New Notes
The arrest is consequent to the earlier warning issued by the Central Bank of Nigeria against any form of breach of procedures for the swap of the old and redesigned naira notes.
New Naira Crisis: CAN Reacts, Demands Probes of Banks Allegedly Hoarding Cash
This was as the association extolled President Muhammadu Buhari for insisting that the 2023 elections must be free, fair, and credible.
Buhari Finally Reveals Reasons For Naira Redesign, Promises To Stabilise New Notes Supply Soon
It would be recalled that last November, the Central Bank announced that it would redesign the series of N200, N500, and N1000 notes of the Naira.
![BREAKING: [ONITSHA] See Costs Of New Naira Notes Allegedly On Sale To Highest Bidders By Bank Officials](https://deeruditecommunications.com/wp-content/uploads/2023/01/1669239062722_1-1.jpg)
BREAKING: [ONITSHA] See Costs Of New Naira Notes Allegedly On Sale To Highest Bidders By Bank Officials
Traders at the Onitsha Main Market have protested to the Central Bank of Nigeria (CBN) over the development saying that the newly redesigned currency is being given to people who pay extra.
DETAILS: Banks Reduce New Naira Notes Per Cash Withdrawal
“I am afraid that CBN’s January 31st deadline for depositing old notes will not work with such a kind of sharing.” He said
PHOTOS: Buhari Unveils New Naira Notes
“He said, this would enable them to beat the Jan. 31, 2023 deadline to dispose of the old notes.”
CURRENCY REDESIGN: CBN Gives Directives On How To Deposit Current N200, N500, N1000 Notes, Reaffirms Commitment To Protecting Banking Public In Underserved Areas
“CBN accordingly stated that agents across the 36 States have been enabled for BVN registrations, opening banking accounts/Wallets, eNaira Wallets, as well as Electonic card distribution, …”
NDIC Lists 20 Failed Banks, Asks Depositors To Claim Payment
“According to the NDIC, it has recouped enough funds through the sales of the assets of the failed banks to settle depositors.”