DMBs
20 Mar
In less than three months, covering January to last week, deposit money banks (DMBs) drew N24.13 trillion from the Central Bank of Nigeria (CBN) through the discount window to meet short-term obligations, a trend that points to some liquidity gap in the financial system.
8 Jan
Deposit money banks (DMBs) have continued to inform their customers about the directive handed them by the Federal Inland Revenue Service (FIRS) to deduct the backlog of the Electronic Money Transfer Levy (EMTL) on previous foreign currency transactions carried out by January 31, 2024.
10 Dec
Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria
6 Dec
The pronouncement of the Supreme Court last week extending the validity of both the old and the new Nara notes as legal tender until further notice should provide some relief to anxious Nigerians who are already lamenting the scarcity of naira...
25 Nov
The Central Bank of Nigeria (CBN) says it is planning to implement a new round of banking recapitalisation for the Deposit Money Banks (DMBs).
14 Oct 2023
On July 27th 2023, the Central Bank of Nigeria (CBN), directed deposit money banks (DMBs) to vacate the Post-No-Debit restriction placed on 440 individual and corporate account holders.
8 Sep 2023
The Nigerian Communications Commission (NCC) has confirmed that the impasse between telecommunication operators and deposit money banks (DMBs) over the accumulated N120 billion unstructured supplementary service data (USSD) debt has been resolved after the intervention of the Central Bank...
18 Aug 2023
Information available to The Guardian has revealed that the dispute over the N120 billion unstructured supplementary service data (USSD) debts owed telcos by deposit money banks (DMBs) is far from being resolved.
10 Jul 2023
Cameroun, Croatia, Korea and Vietnam have been added to the money laundering watch list of the Central Bank of Nigeria (CBN), according to a circular issued to deposit money banks (DMBs).
Latest
40 mins ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
42 mins ago
As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
48 mins ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
54 mins ago
As Nigeria joins the rest of the world to mark the 2024 World Malaria Day, the progress in national malaria control is being threatened by the continued rising cost of anti-malaria drugs, which have gone beyond the reach of many Nigerians.
57 mins ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
57 mins ago
Ahead of May Day next week, workers are demanding a country that works for all and not just for some privileged few.
57 mins ago
The NPFL has fined Kwara United N6 million for allegedly thwarting the live broadcast of their week 31 game against Akwa United.
58 mins ago
To achieve the global malaria targets 2030, the World Health Organisation (WHO) Global Malaria Programme has launched a new operational strategy that will change the trajectory of malaria trends.
58 mins ago
President Bola Tinubu and President of the Senate, Godswill Akpabio, have promised to give fresh direction to the justice sector in the country through a holistic overhaul.
59 mins ago
Governor Babagana Zulum of Borno State has urged the Army to establish military formations in Sambisa Forest and the Mandara Hills, bordering Cameroon and Chad in the North East, to counter terrorism in the areas.