Deposit Money Banks in the country have transferred about N1.5tn from the accounts of Ministries, Departments and Agencies of the Federal Government to the Central Bank of Nigeria as the deadline for the commencement of the Treasury Single Account policy expires yesterday (Tuesday),. Top bank executives said a huge chunk […]
Money Market
Nigeria’s interbank market frozen as banks move govt revenue to cenbank
September 15, 2015/Reuters Nigerian banks made no bids on the interbank money market on Tuesday as they awaited instructions on how to comply with a directive to transfer government revenues into a single account with the central bank, dealers said. President Muhammadu Buhari has ordered that all revenues be paid […]
CBN Direct Banks to Equip Branches on E-Dividend Mandate Forms
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Monday directed all Deposit Money Banks (DMBs) in Nigeria to equip all its branches to treat, validate, scan and upload e-Dividend mandate forms presented to them. The circular with reference number BPS/DIR/GEN/05/009 dated September 14, 2015 and signed […]
