The Federal Government, has met with officials of Deposit Money Banks and other related institutions in Abuja, on Tuesday, 27th June 2023, to plan for the production of functional three-in-one identity cards for older citizens across the country. Speaking at the Roundtable Meeting…
The Federal Government has directed commercial banks and other financial institutions to issue new cards to customers, that will serve as Automatic Teller Machines, ATM, and National Identification Numbers, NIN, card. This was made known by announced, Isa Pantami, Minister of Communications…
The Central Bank of Nigeria, CBN, has proposed that banks transfer unclaimed funds in accounts that have been dormant for up to 10 years into a trust fund account. The Apex bank issued a new regulatory framework that will see it taking…
The Central Bank of Nigeria, CBN, has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations. CBN also confirmed the evacuation of banknotes from its…
The Central Bank of Nigeria, CBN, has directed all commercial banks to dispense and receive old naira notes as legal tender across the country in accordance with the Supreme Court order alongside the redesigned banknotes till December 31, 2023. According to reports,…
The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks not to pay over-the-counter withdrawals of new naira notes to customers, with immediate effect. Instead, the CBN has directed all banks to load their Automated Teller Machines, ATM’s, with only new…
Commercial banks in major cities in Nigeria have started dispensing the newly redesigned naira notes to over-the-counter customers. This came after Central bank of Nigeria, CBN’s announcement that the newly redesigned naira notes would go into circulation today, Thursday 15th December 2022.…