The Central Bank of Nigeria (CBN), has recovered N13 billion in the past two years being unlawful charges by the commercial banks across the country to customers. This was disclosed by the bank’s director, consumer protection department, Mrs. Umma Aminu Dutse, at a press briefing organised on Monday by the […]

No fewer than 12 banks are still struggling to meet the new deadline set by the Central Bank of Nigeria for banks to become Payment Card Industry Data Security Standards-certified. The PCIDSS certification is a global requirement for banks and other institutions involved in the storage, transmission and processing of […]

The Central Bank of Nigeria has banned debtors of closed banks with non-performing loans of a maximum of N250m from accessing new facilities in any Deposit Money Banks in the country. The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, Mr. Umaru Ibrahim, who made the disclosure in Lagos on […]