The Central Bank of Nigeria (CBN) has ordered banks to deny additional loans and certain banking services to large borrowers with non-performing loans as part of efforts to strengthen credit discipline and protect financial stability.
Tag: Central Bank of Nigeria
The Central Bank of Nigeria has imposed N6.98 service charge on Nigerians for all USSD transactions. A statement jointly signed by the apex bank and the Nigerian Communications Commission (NCC) and released yesterday March 16, says customers will pay a flat fee of N6.98 per transaction every time they use USSD services from March […]
The Central Bank of Nigeria has shut Down Cryptocurrency Exchange Bank Accounts. The memo dated “February 5, 2021 Reads – LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial […]