Banks

Osun State House of Assembly has again cautioned commercial banks operating in the state against processing any unauthorised financial transactions on Local Government accounts. This is contained in a letter signed by the Speaker, of the…
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The Central Bank of Nigeria has threatened to penalise banks that compel customers to withdraw amounts lower than N20,000 per transaction from Automated Teller Machines. The apex bank disclosed this in a ‘Question and Answer’ explainer…
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The Central Bank of Nigeria is set to transfer some of its departments to Lagos State. This was stated in an Internal memo made available to PUNCH Online on Saturday. The move, according to an official of the CBN who spoke on…
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The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that…
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The past few weeks have been a challenging one for Nigerians especially our SME’s, poor and vulnerable masses and those whose very survival depend on daily cash transactions. They have felt the brunt of the combined problems of scarcity of…
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Protesters on Wednesday converged on major roads in Akure the Ondo State capital to protest the fuel and naira crisis in the country. The protesters mainly youths defied the " no protest " order earlier issued by the Ondo State Police…
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Residents of Ibadan have continued to express worry on the deadline given by the Central Bank over the validity of the old naira notes for transaction. Newsmen who visited some Automated tellers machine in Ibadan reports that the…
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