Tag: Banks
CBN increases forex allocation to banks
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to ...
EFCC demands asset declaration forms of banks’ top executives
The Economic and Financial Crimes Commission (EFCC), is set to commence investigations of managing directors, deputy managing directors and executive ...
Finance MSMEs at low interest rates, FG tells banks
The federal government has called on banks and other financial institutions to grant accessible financing to micro, small and medium ...
Banks lift blockage of USSD transactions on MTN
Commercial banks have reconnected MTN customers earlier denied access to the unstructured supplementary service data (USSD) payment channels. This happened ...
JUST IN: CBN introduces new charges for USSD services
The Central Bank of Nigeria on Tuesday announced new charges for customers using the Unstructured Supplementary Service Data services. The ...
CBN directs banks to begin scan-to-pay system
The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to commence the adoption of the contactless payment ...
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