Tag:Deposit Money Banks

Business

Banking Blunder: CBN Cracks Down on Zenith, Fidelity, UBA, 6 others for hoarding cash

Nine Deposit Money Banks (DMBs) have been fined a total of N1.35 billion for failing to adequately load their Automated Teller Machines (ATMs) during...
Seyi Babalola -
Business

CBN Settles Additional FX Forwards with Banks

In fulfilment of its commitment to eliminate the backlog of pending matured foreign exchange in Deposit Money Banks (DMBs), the Central Bank of Nigeria...
Dorcas Tyena -
Business

CBN lifts restriction on Domiciliary Accounts, allows $10k withdrawals daily

The Central Bank of Nigeria, CBN, has said cash deposits into domiciliary accounts will no longer be restricted. The bank said this in guidance to...
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Politics

Tinubu’s Appointment Violates Constitution, Will Boomerang – Ndume

Senator Ali Ndume, senator representing Borno south, has raised concerns over President Bola Ahmed Tinubu's recent appointment, claiming that...
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Business

Naira Drops to N1,612 per Dollar Amid FX Market Pressures

On Monday, the Naira fell to N1,612 per Dollar at the official foreign exchange (FX) market, marking its lowest...
Entertainment

Four Gospel Singers Die in Fatal Ogun Auto Crash

Four well-known Nigerian gospel singers tragically lost their lives in a devastating car accident along the Ikorodu/Sagamu Road in...

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Politics

Tinubu’s Appointment Violates Constitution, Will Boomerang – Ndume

Senator Ali Ndume, senator representing Borno south, has raised...
Business

Naira Drops to N1,612 per Dollar Amid FX Market Pressures

On Monday, the Naira fell to N1,612 per Dollar...
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