Deposit Money Banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials.
The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country.
The Central Bank of Nigeria had on Friday directed commercial banks to open for operation on Saturday and Sunday, as…
The Central Bank of Nigeria has released more old notes to Deposit Money Banks as the apex bank steps up efforts to flood the economy with more cash after a prolonged cash crunch that has made life difficult for millions of Nigerians and residents.
The CBN had on Thursday…
Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption…
Access Holdings Plc has announced that Access Bank Zambia Limited, a subsidiary of its flagship subsidiary, Access Bank Plc, has received final regulatory approval from the Central Bank of Zambia for the acquisition and merger of African Banking Corporation Zambia Limited (Atlas Mara Zambia) into its existing operations.
A statement on Friday by the Company Secretary, Sunday Ekwochi, said this was…
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations.
The apex bank also confirmed the evacuation of banknotes from its vaults to…
Circulation of old notes: CBN starts monitoring today and the bank has set a two-week target.
March 24, 2023
The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide.
The central bank had…
Wema Bank Plc has opened application entries for the fourth edition of its tech talent discovery and nurturing project among university students tagged Hackaholics 4.0.
Announcing the commencement of entries for Hackaholics 4.0 at a press conference on Tuesday in Lagos, the bank’s Executive Director, Digital Services, Mr Tunde Mabawonku, said as bank was innovating, it was also helping…
Unity Bank Plc has appointed Hafiz Mohammed Bashir as the acting chairman of its Board of Directors.
Iyabo, one of the daughters of former President, Olusegun Obasanjo, was also appointed as a non-executive director.
The appointments followed the retirement of Aminu…
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions.
The apex bank disclosed this in a circular announcing the Exposure Draft of the Regulatory Framework for Agent…
Barely three days after the Central Bank of Nigeria declared old N1,000, N500 and N200 notes as legal tender, Deposit Money Banks say they are beginning to run out of the old currencies.
The development led to severe hardship and pains for several bank customers seeking to withdraw funds on Wednesday.
The CBN had on Monday directed banks to pay out and accept the old notes from their…