CBN Cautions Banks Against Use of Stale Circulars The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of superseded circulars and guidelines within the banking sector, urging adherence to...

CBN Cautions Banks Against Use of Stale Circulars The Central Bank of Nigeria (CBN) has issued a warning to all deposit money banks, licensed non-interest banks and other authorised dealers over persistent use of superseded circulars and guidelines within the banking sector, urging adherence to...

In 12 Months, Banks Attracted N6.69trn New Deposits - CBN   The value of new cash deposits attracted by banks to their vaults in the last one year rose to N6.69 trillion, the Central Bank of Nigeria (CBN) said at the weekend. The apex bank’s Deputy Governor,...

10 Banks Get N7.02trn Fine Over CRR Violation   The Central Bank of Nigeria (CBN) in 2021 debited 10 banks a whooping N7.02 trillion over failure to meet the 27.5 per cent Cash Reserve Requirement (CRR) threshold. According to audited financial statements of these banks, the apex...

Banks’ Assets Hit N34.6trn In 2017   The total assets and liabilities of deposit money banks in Nigeria rose N34.6 trillion, in 2017. This represented 9.2 percent increase over N31.683 trillion recorded at the end of 2016. The Central Bank of Nigeria (CBN), disclosed this in...