21 results
- 9 Apr 2016
CBN Approves 2 Super Agents to Distribute Banking Services
Mrs Tokunbo Martins, director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved two super agents to distribute banking services at cheaper prices.…
- 31 Aug 2016
CBN Reinstates Banks Banned from Forex Market
The Central Bank of Nigeria (CBN) has reinstated all the banks that were banned from the foreign exchange market, Mrs Tokunbo Martins, director, Banking Supervision, has said. She said this on…
- 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…
- 1 Jul 2017
Microfinance Banks Loans to MSMEs Hit N214Bn — CBN
Central Bank of Nigeria (CBN) on Friday said that total credit granted by Microfinance banks to Micro Small and Medium Enterprises (MSMEs) has hit N214.32 billion as at December 31, 2016. Mrs Tokunbo…
- 9 Jul 2014
CBN, NDIC Disagree over Banks’ Supervision
Central Bank of Nigeria (CBN), the Nigerian Deposit Insurance Corporation and other stakeholders on Monday failed to agree on who should have full control over the supervision of banks in the country…
- 3 Jul 2014
CBN Stops Loan Defaulters from Access to Credit
Central Bank of Nigeria (CBN) has banned banks and development banks from lending to loan defaulters of over N500 million, without its prior approval, according to circular signed by Mrs. …
- 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…
- 11 Jun 2015
N400Bn Bad Debt: Banks to Publish Names of Debtors by August 1
About N400 billion bad debt outstanding in the banking sector is causing panic in the industry and most of the debtors are individuals who have the capacity to pay but have refused to do so.…
- 10 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…
- 11 Jul 2016
Liquidity Crisis: Customers Panic as CBN X-Rays More Banks
Central Bank of Nigeria (CBN) has said that it is monitoring activities of some commercial lenders, fuelling anxieties among banks customers over the health of some banks in the country,…
- 28 Jul 2016
CBN Orders Banks to Write Off Forex Bad Debts
Central Bank of Nigeria (CBN) has ordered banks to write off all the delinquent loans in line with its Prudential Guidelines for Deposit Money Banks in Ni­geria of July 1, 2010. This followed the…
- 10 May 2017
CBN to Revoke Banks’ Licences over Money Laundering, Others
The Central Bank of Nigeria (CBN), said it would revoke the operating licences of micro finance banks, and other financial institutions (OFIs), due to non-compliance with anti-money laundering and…
- 20 Feb 2013
CBN Moves to Limit Lending to MDAs, Others
Central Bank of Nigeria (CBN) has directed banks in the country to increase the risk weight of loans to local governments, state governments and ministries, departments and agencies (MDAs) in a move…
- 22 Jan 2014
Nigerian Banks Face Cash Crisis-CBN
A Capital Adequacy Ratio (CAR) audit of the 23 banks in the country by Central Bank of Nigeria (CBN) showed that some have “high level of liquidity crisis”, meaning that some have cash crisis.…
- 10 Feb 2014
CBN Bars Banks from Fresh Employment Without Approval
Central Bank of Nigeria (CBN) has barred banks and other financial institutions from recruiting new employees without first seeking and obtaining written approval from it. The development followed…
- 14 Apr 2014
CBN Cautions Banks, Others over Rendition of Returns
The Central Bank of Nigeria (CBN) may soon wield the big stick on the deposit money banks and discount houses, which persist in flouting the timelines for rendition of statutory returns through the…
- 16 Feb 2015
CBN Renews Hope on Funding of Legitimate Forex Demand
Central Bank of Nigeria (CBN) has reassured stakeholders in the foreign exchange market that it will continue to fund legitimate demand for foreign currencies at its official window. The apex bank…
- 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…
- 16 Jan 2013
Credit, Others Delay SGBN, Savannah Banks' Opening
Societe Generale Bank of Nigeria (SGBN) and Savannah Bank of Nigeria are yet to open shops because of their inability to meet the credit terms of the Central Bank of Nigeria (CBN). The Nation…
- 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…
- 14 Aug 2013
Banks Agree on N105Bn Sinking Fund to Clean Up Banking Mess
Deposit Money Banks (DMBs) in the country have agreed to set aside some N105 billion for a sinking fund to cover the cost of cleaning up the system after the 2008-2009 banking sector crisis and…