All posts tagged "DEPOSIT Money Banks (DMBs)"

Business5 years ago
CBN increases LDR, sets new deadline for banks
The Central Bank of Nigeria (CBN) has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their...
Business6 years ago
Bank directors responsible for protection of customers’ data – CBN
Bank directors will henceforth be responsible for the protection and security of customers’ data against e-fradusters, the Central Bank of Nigeria (CBN) has directed. The new...
Business7 years ago
House of Reps endorses stamp duty on bank accounts
The House of Representatives has endorsed the controversial deductions of N50 from deposits into with Deposit Money Banks (DMBs) across the country using electronic platforms. The...
Business9 years ago
Illegal Deductions: CBN compels Banks to refund N6.2Bn to customers
By Gbenga Ogundare The Central Bank of Nigeria (CBN) at the weekend compelled Deposit Money Banks (DMBs) to refund over N6.2 billion they illegally charged their...
Business9 years ago
Banks stop issuance of Letters of Credit as FX scarcity bites harder
BY DANLADI BATURE DEPOSIT Money Banks (DMBs) may have stopped issuance of Letters of Credit (LCs) to importers and manufacturers as scarcity of foreign exchange persist...