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Banks Resume Charges on Large Deposits as CBN Deadline Expires

Banks Resume Charges on Large Deposits as CBN Deadline Expires
withinnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from withinnigeria.com Daily Mail and Mail on Sunday newspapers.

Adetonas adedejiCentral bankBank financial institutionsSterling branchBanking supervisionNon bank financial institutions

As CBN deadline ends: Banks resume charges on large deposits

Banks and other financial institutions in Nigeria have resumed collection of charges on large deposits from individual and corporate accounts, a report by an online platform, Nairametrics, has shown. This followed the expiration of the temporary suspension issued by the Central Bank of Nigeria (CBN) on same. Daily Trust reports…

Lagos stateAyokunle olubunmiAdetonas adedejiAadebayo adamsFirst bankNigerian association of smallMedium enterprisesCentral bankNigerian exchangeBank financial institutionsSterling branchDaily trust onAccess bankBanking supervisionNon bank financial institutionsNigerian association

CBN halts use of foreign currency collateral for naira loans

CBN halts use of foreign currency collateral for naira loans
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Adetonas adedejiBanking supervision departmentCentral bankActing directorStandby lettersForeign currencyFederal governmentCapital adequacy ratio

CBN approves fx sales to BDCs at N1,101

Prohibits use of foreign currency collaterals for naira loans The Central Bank of Nigeria (CBN) has approved daily sales of 10,000 dollars to about 1,588 eligible Bureau De Change operators at the rate of N1,101 to the dollar. The Director, Trade and Exchange Department of the CBN, W.J Kanya, made…

Abuja federal capital territoryAdetonas adedejiAminu gwadabeBureau deCentral bankExchange departmentBanking supervision departmentInternational money transfer operators imtosAssociation of bureau de change operatorsBureau de changeBureau de change operatorsInternational money transfer operatorsActing directorForeign currencyFederal governmentStandby letters

Nigerian Newspapers: 10 things you need to know Tuesday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. Sultan of Sokoto, His Eminence, Alh. Muhammad Sa’ad Abubakar, has declared Wednesday as

Lagos stateKatsina stateAbuja federal capital territoryEdo stateFederal capital territorySalisu shehuSobomabo jackrichMuhammad saad abubakarPhilip shaibuUche secondusAdetonas adedejiGodwin emefieleJustice rahman oshodiA federal high courtNational executive councilLagos state special offences court