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Nigerian Banks to Increase Cash Withdrawal Limits In Currency Circulation Efforts

LAGOS, NIGERIA - Nigerian Deposit Money Banks (DMBs) are planning to raise their cash withdrawal limits from the current range of N20,000-N50,000 to over...

House Of Reps Orders Banks To Accept National Identification Number For Customers

The House of Representatives, on Tuesday, March 6, 2018, informed the Central Bank of Nigeria and other commercial banks in the country to accept...

‘Stop Unauthorised Deductions’ – CBN Urges Banks

The Central Bank of Nigeria, CBN, has directed banks and other financial institutions to settle customers’ complaints on issues of overcharge, unauthorised deductions and...

5 Killed As Heavily Armed Robbers Raid Banks In Edo (PHOTO)

At least five persons were killed when a group of heavily armed bandits stormed banks in Igarra, headquarters of Akoko-Edo Local Government Area of...

Banks Reduce Daily Limit On Cash Withdrawal From ATMs To N60,000

The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all...

Rice And Cement ImportersTo Stop Accessing Forex From Banks – CBN

NAN - The Central Bank of Nigeria (CBN) says importers of rice, cement and other products will no longer access Foreign Exchange from CBN,...

Gov. Wike Bars Banks From Granting Loans To LGs, Ministries

NAN - Governor Nyesom Wike of Rivers on Tuesday, June 2, 2015 ordered banks and other financial institutions not to grant loans to Local...

Pandemonium As Gunmen Attack 2 Commercial Banks In Lagos

Pandemonium had broken out on Monday, June 1, 2015 as some armed bandits raided two commercial banks in the Ikorodu area of Lagos State...

Fuel Scarcity Worsens Nationwide

As Nigeria’s states nationwide are experiencing serious fuel scarcity, new reports emerged on Monday, March 2, 2015 that a combination of policies from Nigeria’s...

CBN Orders Banks To Implement Checker Control To Curb Insider Abuse

NAN - The Central Bank of Nigeria (CBN) on Tuesday, January 20, 2015 directed all commercial banks to implement a maker or checker control structure...

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