The Nigerian Deposit Insurance Corporation (NDIC) says it will pay a maximum of N5 million to each depositor of Heritage Bank, following its licence revocation. In a notice to depositors on Monday, the NDIC said the stipulated maximum…
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The Central Bank of Nigeria (CBN) has suspended charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by Adetona Adedeji, CBN’s director of banking supervision. On May…
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The Central Bank of Nigeria (CBN), has warned Deposit Money Banks (DMBs) to stop bringing “composed banknotes ” as part of their deposits with the apex bank. The warning is contained in a circular issued in Abuja by Ahmed Umar, the…
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The Central Bank of Nigeria said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank on Tuesday said this in a circular to all Commercial banks in the country. CBN said that implementation…
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The Joint Admissions and Matriculation Board says it has remitted another N7.8 billion to the Federal Government. The board’s Head, Media and Information, Dr Fabian Benjamin, made this known to the News Agency of Nigeria on Sunday in…
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