DMBs
20 Mar
In less than three months, covering January to last week, deposit money banks (DMBs) drew N24.13 trillion from the Central Bank of Nigeria (CBN) through the discount window to meet short-term obligations, a trend that points to some liquidity gap in the financial system.
8 Jan
Deposit money banks (DMBs) have continued to inform their customers about the directive handed them by the Federal Inland Revenue Service (FIRS) to deduct the backlog of the Electronic Money Transfer Levy (EMTL) on previous foreign currency transactions carried out by January 31, 2024.
10 Dec
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria
6 Dec
The pronouncement of the Supreme Court last week extending the validity of both the old and the new Nara notes as legal tender until further notice should provide some relief to anxious Nigerians who are already lamenting the scarcity of naira...
25 Nov
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
14 Oct 2023
On July 27th 2023, the Central Bank of Nigeria (CBN), directed deposit money banks (DMBs) to vacate the Post-No-Debit restriction placed on 440 individual and corporate account holders.
8 Sep 2023
The Nigerian Communications Commission (NCC) has confirmed that the impasse between telecommunication operators and deposit money banks (DMBs) over the accumulated N120 billion unstructured supplementary service data (USSD) debt has been resolved after the intervention of the Central Bank...
18 Aug 2023
Information available to The Guardian has revealed that the dispute over the N120 billion unstructured supplementary service data (USSD) debts owed telcos by deposit money banks (DMBs) is far from being resolved.
10 Jul 2023
Cameroun, Croatia, Korea and Vietnam have been added to the money laundering watch list of the Central Bank of Nigeria (CBN), according to a circular issued to deposit money banks (DMBs).
Latest
13 mins ago
Amid alleged irregularities trailing the conduct and outcome of the All Progressives Congress (APC) governorship primary in Ondo State, the National Chairman of the party, Abdullahi Ganduje, will tomorrow meet with the 15 aspirants, who contested the ticket with Governor Lucky Aiyedatiwa.
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27 mins ago
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