deposit money banks (DMBs) Archives

Newspaper Headlines: Bank CEOs, MDs in merger acquisition talks

The national dailies dwell on the recapitalisation announced by Yemi Cardoso, governor of the Central Bank of Nigeria (CBN), and its immediate impact on the banking industry and the economy.

‘N400 for every bad N100’ — CBN imposes penalty on banks for mutilated notes

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated notes as part of their deposits with the apex bank. Ahmed Umar, director, currency

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CBN directs banks to close accounts of cryptocurrency traders

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This is according to a circular released

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CBN: One million borrowers have received loans below 20% interest rate since 2019

The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says over one million customers have accessed loans below 20 percent interest rate from deposit money banks. According

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