30 results
- 13 Feb 2013
Bankers’ Committee Mulls Slash in Bank Charges
Bankers’ Committee, made up of Central Bank of Nigeria (CBN); chief executives of all the Deposit Money Banks, Micro Finance Banks; and the Nigeria Deposit Insurance Corporation (NDIC) is working on…
- 18 Jun 2014
Bankers Committee Kicks Against Interest Rate Reduction
The Bankers’ Committee yesterday said that it might be difficult for the Central Bank of Nigeria (CBN) to achieve a lower interest for the country owing to the current level of macro economic…
- 9 Sept 2020
CBN, Bankers Committee Move to Tackle Cyber Security With Moni Sense
The Bankers’ Committee of Nigeria in partnership with the Central Bank of Nigeria, has unveiled its cybersecurity & fraud awareness campaign, known as ‘Moni Sense’. Moni Sense, is specifically…
- 11 Sept 2020
Bankers’ Committee Introduces “Moni Sense” for Fraud Awareness
Central Bank of Nigeria (CBN) and the Bankers’ Committee have launched a cyber-security and fraud awareness campaign, called ‘Moni Sense,’ to educate members of the public on the benefits of…
- 23 Feb 2020
Banks Must Seek CBN Approval to Sack Workers- Bankers Committee
Banks cannot terminate the employment of more than five staff without a prior notice to the Central Bank of Nigeria (CBN), a communique released by the Bankers Committee after its meeting on Friday,…
- 14 Nov 2012
Bankers’ Committee Scraps N100 ATM Charges
Deposit Money Banks (DMBs) have agreed to waive the N100 charge imposed on Automated Teller Machine (ATM) transactions across banks,B isi Onasanya, group managing director of FirstBank, said after…
- 18 May 2022
CBN Bankers Committee Unveils “Confam Am”, Website to Tackle Fraud
Central Bank of Nigeria (CBN) has been on a path to increase awareness and public education on cyber-security, the risks of cyber-crime and the personal measures for mitigation, through its targeted…
- 31 May 2021
Firm Petitions SFU as Bankers’ Panel Withdraws from N1Bn Fraud Probe
The Sub-committee on Ethics and Professionalism of the Bankers’ Committee has withdrawn from investigating a fraud case to the tune of about N1bn involving Star Orient Nigeria Limited, an aviation…
- 2 Oct 2015
Banks to Freeze 32m Accounts without BVN from November 1
Banks’ customers have until October 31 to enroll for the Bank Verification Number (BVN) or risk having their accounts frozen from November 1, according to the Bankers’ Committee. The Bankers’…
- 12 Dec 2012
Politics of ATM Charges Withdrawal
The Bankers’ Committee’s decision to suspend all charges accruing from the use of Automated Teller Machines (ATMs) of other banks may have adverse effect on the industry if the cost of removing the…
- 11 Dec 2017
CBN to Use BVN to Blacklist Loan Defaulters
Bankers’ Committee, the body of bank chiefs, said it plans to use the Bank Verification Number (BVN) of customers to blacklist loan defaulters from accessing further loans in the nation’s banking…
- 16 Apr 2021
NIBSS Approves Standard Guidelines for BVN Matching System
The Nigeria Interbank Settlement System (NIBSS) has issued approved standard operating guidelines for Bank Verification Number (BVN) matching system, mainly for a harmonized way of verifying…
- 15 Dec 2019
CBN, Banks Move to Boost Financial Inclusion
As part of efforts to enhance financial inclusion in the country, the Central Bank of Nigeria (CBN) and banks, under the aegis of the Bankers’ Committee, have concluded plans to simplify the…
- 15 Feb 2019
Banks Set Up Special Funds for ICT, Other Sectors
Bankers Committee has said it is setting aside special funds to provide capacity and support to the creative and the ICT industries. The initiative will be funded from at least 5 percent of…
- 10 Dec 2012
Removal of ATM Charges to Wait Till May Next Year
The removal of charges on Automated Teller Machine (ATM) for inter-bank withdrawals would only be possible from the second quarter of next year because enormous works are still required to implement…
- 13 Dec 2016
CBN to Unveil N30Bn SME Fund in January
The Central Bank of Nigeria (CBN) has said it will, together with the Deposit Money Banks, set up a new fund to boost agriculture and the Small and Medium-sized Enterprises in the country, targeting…
- 16 Nov 2012
Diamond Bank Welcomes Removal of ATM Charges
Diamond Bank Plc has described the decision by the Bankers’ Committee to remove the N100 Automated Teller Machine (ATM) withdrawal fee as a welcome development that would further strengthen the…
- 12 Jul 2020
CBN Takes over National Theatre, to Create Thousands of New Jobs
Central Bank of Nigeria (CBN) on Sunday formally takes over the National Theatre in Lagos on behalf of the bankers committee. Godwin Emefiele, governor, CBN, said its taking over for transformation…
- 9 Jun 2016
Banks Halt Retrenchment, Labour Hands Banks 21-Day Ultimatum to Reverse Sack
Nigerian Bankers’ Committee at their 327th meeting in Abuja on Thursday agreed to halt the spate of recent mass sack in the industry. This came as the Nigeria Labour Congress (NLC) and the Trade…
- 3 May 2020
Banks Agree To Suspend Mass Sack
The Central Bank of Nigeria (CBN) and the Bankers Committee have agreed to immediately halt the planned lay-off of workers due to the rampaging COVID-19 pandemic. Emefiele, CBN Gov Isaac Okorafor,…
- 22 Nov 2012
CBN to Monitor Compliance with Removal of ATM Charges
A week after the decision of the Bankers’ Committee to stop inter-bank automated teller machine (ATM) charges, investigations have revealed that some of the banks still charge customers for…
- 16 Dec 2019
CBN Says 37m Nigerians to Get BVN with Phone Number
Central Bank of Nigeria (CBN) through the bankers committee has said it will introduce a reduced verification requirement of name and phone number to onboard the over 37 million excluded adult in the…
- 12 Feb 2016
CBN Says 57m Nigerians now Have Access to Financial Services
The Bankers Committee of the Central Bank of Nigeria (CBN) has said that 57 million Nigerians, which represent 66 per cent of the population, now have access to financial services. Mrs Tokunbo…
- 27 Nov 2012
Banks, Service Providers Parley on Removal of ATM Charges
The Association of Corporate Affairs Managers of Banks (Acamb) has said that the implementation of the Bankers Committee’s resolution to scrap the N100 charge on the usage of ATM of banks in which…
- 18 Feb 2013
Minna Banks Get N57Bn Deposits in 2012
Alhaji Mohammed Kabir Dangusau, chairman, Minna Bankers Clearing House Committee in Niger State,has said that Currency Operations in the Minna Clearing Zone in 2012 indicated that N56.71billion was…
- 18 Jun 2014
CBN Opens Black Book for Bad Debtors
Central Bank of Nigeria (CBN) has opened a black book for serial defaulters in a new zero tolerance regime against bad debtors in the nation’s financial system. The apex bank is to also publish names…
- 9 Apr 2015
CBN Barks, to Publish Names of Chronic Bank Debtors
Central Bank of Nigeria (CBN) said it would publish the names of chronic bank debtors and waxed worriedly about the growing amount of non-performing loans in the books of banks in the country. The…
- 9 Nov 2014
NIMC, CBN at Loggerheads over BVN Scheme
Central Bank of Nigeria (CBN) and National Identity Management Commission (NIMC) last week failed to agree on who should have full control over the Biometric Bank Verification Number (BVN)…
- 14 Apr 2009
CBN Improves Liquidity, Slashes MPR to 8%
The Central Bank of Nigeria (CBN) has pegged the monetary policy rate (MPR) at eight percent, in a move to improve liquidity conditions in the domestic money market. Monetary policy rate, formerly…
- 30 May 2019
Banks to Create, Share “Black Book” of Chronic Debtors
Chief executive officers of financial institutions have resolved to create and maintain what they term a ‘Black Book’ for the compilation of details of loan defaulters that will be shared among all…