CBN threatens to sanction banks diverting cash

%BlogLink% %FearturedImage% %PostLink% The Central Bank of Nigeria (CBN) has warned Deposit Money Banks over cash hoarding and diversion, emphasising that such actions will attract stiff penalties. In a circular dated November 13, 2024, signed by the Acting Director of Currency Operations, Muhammad J. Olayemi, and released by the CBN on Friday, the apex bank announced measures to […] The post %PostLink% first appeared on %BlogLink% and is written by %AuthorLink%

CBN’s new capital requirement will boost financial inclusion — Yemi Cardoso

solacebase.com - 12/Nov 14:22

%BlogLink% %FearturedImage% %PostLink% Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that the new capital requirement for banks...

NDIC announces date to begin sale of Heritage Bank assets

solacebase.com - 11/Nov 12:52

%BlogLink% %FearturedImage% %PostLink% The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December...

CBN Issues Fresh Directive Against Naira Hawkers, Orders Banks to Focus on ATM Cash Payments

starnews.com.ng - 15/Nov 20:44

The Central Bank of Nigeria (CBN) has directed banks to make sure cash is mostly given out through Automated Teller Machines (ATMs). In a statement on...

FG bars pilots, others from working with multiple airlines

solacebase.com - 12/Nov 21:51

%BlogLink% %FearturedImage% %PostLink% The federal government has prohibited licensed flight crew members from operating multiple airlines...

BREAKING: CBN To Penalise Banks For Disbursing Cash To Naira Hawkers Instead Of ATMs

thegeniusmedia.com.ng - 15/Nov 19:07

The Central Bank of Nigeria (CBN) has directed banks to prioritise cash disbursement through automated teller machines (ATMs). In a statement on...

Court stops CBN, RMAFC, others from withholding Kano LG funds

solacebase.com - 06/Nov 07:23

%BlogLink% %FearturedImage% %PostLink% A Kano State High Court has issued an exparte order to prevent federal authorities from interfering with the...

Nigeria secures $134m AfDB loan facility for agricultural growth

solacebase.com - 15/Nov 07:57

%BlogLink% %FearturedImage% %PostLink% The Federal Government has successfully secured a $134m loan facility from the African Development Bank (AFDB)...

Gov Yusuf, Ganduje trade words over debts claim

solacebase.com - 12/Nov 22:34

%BlogLink% %FearturedImage% %PostLink% The Kano State Government has denied recent media claims suggesting it took on new foreign debt, particularly...

Over 33 million Nigerians may face food insecurity in 2025 — Report

solacebase.com - 08/Nov 10:06

%BlogLink% %FearturedImage% %PostLink% The Cadre Harmonisé report on food and nutrition insecurity analysis said no fewer than 133.1 Nigerians would...

Kanwan Katsina marks 24 years of leadership and community development

solacebase.com - 05/Nov 17:00

%BlogLink% %FearturedImage% %PostLink% The Ketare District Development Association (KDDA) and the Ketare Youth Development Association (KEDEMA) have...

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