29 May 2018, Sweetcrude, Lagos – The Central Bank of Nigeria, CBN, has ordered that all Bureau de Changes, BDCs, must…
Browsing: Deposit money banks
Ike Amos 06 September 2017, Sweetcrude, Abuja – Electricity firms have repaid N50.289 billion as at June 2017, from the total loans…
There had been controversies whether all the banks actually complied fully with the directive following discoveries last week that about seven banks had yet to remit a total sum of $793m being government funds into the TSA.
“Pursuant to our policy of transparency, we publish the reports of purchases and sales of forex between the Deposit Money Banks and their customers, as submitted by the banks without editing. This practice of publishing the figures on our website has been on since October 2016,” he said.
“As the constitutionally authorised industry regulator mandated to manage the forex market, we wish to state unequivocally that the CBN has a duty to perform and would not indulge in acts capable of discrediting the FX market.”
29 August 2016, Abuja -The Central Bank of Nigeria has directed the Deposit Money Banks to conduct Know Your Customers’…
01 August 2016, Lagos – Inadequate gas supply due to pipeline vandalism, the looming threat of reversal of electricity tariff hikes,…
04 January 2015, Abuja – Currency dealers, including hawkers, are making fabulous profits from the sale of scarce foreign exchange, while…
25 June 2015, Abuja – The Central Bank of Nigeria has said it will punish Deposit Money Banks and Bureaux…
10 June 2015, Lagos – Despite assurances by some deposit money banks (DMBs) that their exposure to the oil and gas…
