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CBN Queries Five DMBs for Manipulating Forex Rates

By Akin Akinremi The Central Bank of Nigeria (CBN) has said that five Deposit Money Banks (DMBs) are being queried for manipulating Foreign Exchange Transactions. The...

CBN to Move against Fraudulent Bank Customers

Central Bank of Nigeria (CBN) may soon move to blacklist or watch-list fraudulent bank customers across the country’s banking space as the apex bank...

CBN Directs Banks to Accept Cheques into Savings Account

In a rare move, the Central Bank of Nigeria has directed banks operating in the country to accept deposit of cheques into savings account. The CBN...

CBN Sanctioned 4 Banks over e-Payment Dispense Error in 2015

Four Deposit Money Banks were last year sanctioned for non-reversal of e-payment dispense error after the specified 48-hour timeframe given by the Central Bank...
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