Test Reveals Loopholes In Banks’ Anti-Money Laundering System - CBN   majority of the deposit money banks in the country failed an anti-money laundering system examination conducted by the central bank of nigeria, a report by the cbn has revealed. According to the 2017 CBN Half-year Economic...

Banks Borrow N404bn From CBN In Six Days The Deposit Money Banks in the country borrowed the sum of N404bn from the Central Bank of Nigeria during the first six trading days of this year to cover their financial shortfalls, data on the CBN website...

There is growing concern about the financial health of Deposit Money Banks (DMBs) in the country, as a good number of them have continued to sack workers contrary to assurances of the Bankers’ Committee. New Telegraph’s investigation revealed that bank workers are still being regularly...

Deposit Money Banks’ (DMBs) commitment of over- N3trillion in the energy sub-sector is discouraging the financial institutions from further financing of energy and power projects, The Nation has learnt Energy Market and Rates Consultants Country Director, Mrs. Rahila Thomas, said this while enumerating the challenges...

A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered that most of the banks would lay off...

Deposit Money Banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading today. The Central Bank of Nigeria had on Wednesday announced plans to begin market-driven trading of the naira to alleviate chronic foreign exchange shortages. Banks asking customers...