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The Central Bank of Nigeria has added three new banks to the list of Deposit Money Banks and financial holding companies operating in Nigeria. This raised the number of lending institutions from 21 to 23 on its DMB’s list. Titan Trust Bank Limited got a commercial banking licence with national authorisation, increasing the commercial banks
Access Bank Plc and Diamond Bank Plc yesterday ended months of speculations over their future when they finally agreed to merge, signing a Memorandum of Agreement, which if approved by the Central Bank of Nigeria (CBN) and the Nigerian Stock Exchange (NSE), would move Access Bank, the principal partner, from number four to number two
The Central Bank of Nigeria (CBN) on Friday, granted Diamond Bank Plc the approval to operate as a national bank. In a statement released on Friday by the bank’s Chief Executive Officer, Uzoma Dozie, and signed by the bank’s Head of Media, Ezechinyere Anyanwu, this followed its application for it. Dozie said, “With this approval, the bank will cease to operate as
Nigerian Deposit Money Banks (DMBs), according to industry sources, are nervous following the recent announcement by telco giant, MTN of its readiness to apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by the second quarter of next year. As other telecommunications are also billed to go into mobile banking, the
Access Bank is set to add Diamond Bank’s portfolio to its assets in the next few months, The Nation has learnt. Talks on the acquisition are on, according to sources, who said the fusion is set for the first quarter of next year. It was gathered that both financial institutions have reached an agreement in
[dropcap]T[/dropcap]he Senate has urged the Central Bank of Nigeria (CBN) to look into the suspension of the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks. This was after a motion on “illicit and excessive charges by Nigerian banks in customers accounts” was raised by Senator Gbenga Ashafa during the plenary session
The Central Bank of Nigeria CBN has again called the public’s attention towards the spraying of naira notes at ceremonies. Central Bank of Nigeria CBN spokesman Isaac Okorafor who announced the ban on spraying on money at parties, said those who “spray” naira notes at parties risk going to jail for six months or
The Central Bank of Nigeria (CBN) has taken over Skye Bank Nigeria Plc. CBN Governor and the Managing Director of the Nigeria Insurance Deposit Corporation (NDIC), Godwin Emefiele, disclosed this on Friday at a media briefing in Lagos. He also announced the change of the name to Polaris Bank. He said an injection of
Central Bank of Nigeria CBN has slammed four Nigerian banks for allegedly breaching Nigeria forex regulations on MTN illegal capital repatriation . The four banks are standard Chartered bank, Stanbic IBTC, Citibank and Diamond bank. This was shared on their twitter handle. See below…
Tobi Bakre is set to present speech at the Central Bank of Nigeria Currency Museum Exhibition taking place today at the Capital City Of Abuja. He Posted it on his IG and Twitter handle below