CBN Gives Banks 18 Months to Comply with New Automated Anti-Money Laundering Standards
The Central Bank of Nigeria (CBN) has given Deposit Money Banks 18 months to fully comply with its newly introduced ...
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Tag: #NigeriaBanking
Nigeria’s Banking System Gets N4.78 Trillion Liquidity Boost in February
Nigeria’s banking system received a major liquidity injection in February as a total of N4.78 trillion flowed into the market ...
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BDAN Appoints Dr Oluwayemisi Olorunshola as Board Chairman
The Bank Directors Association of Nigeria (BDAN) has announced the appointment of Oluwayemisi Olorunshola as Chairman of its Board of ...
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TAJBank Secures A1 Ratings from Agusto & Co, Datapro
TAJBank Limited has secured A1 credit ratings from leading rating agencies Agusto & Co and Datapro, reinforcing its standing as ...
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FCMB Nears N500bn Recapitalisation Target for International Banking Licence
FCMB Group is close to meeting the N500 billion recapitalisation target required for an international banking licence, according to sources ...
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NDIC Declares N24.3bn Second Liquidation Dividend for Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of N24.3 billion for depositors of the defunct ...
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Nigeria’s Banking System Records N5.11trn Cash Surge in November
Nigeria’s banking system recorded a major liquidity boost of N5.11 trillion in November, driven by a combination of large Treasury ...
Read moreCBN Revises Cash Withdrawal Limits, Ends ₦5m Special Window from January 2026
The Central Bank of Nigeria (CBN) has announced a major revision of its cash withdrawal policy, with the new rules ...
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CBN Orders Banks to Withdraw Non-Compliant Adverts, Tightens Consumer Protection Rules
The Central Bank of Nigeria (CBN) has ordered all banks, payment service banks, and other regulated financial institutions to immediately ...
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CBN Imposes 75% CRR on Non-TSA Deposits to Curb Excess Liquidity
Banks with heavy exposure to government deposits may need to adjust their strategies after the Central Bank of Nigeria (CBN) ...
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