Implementation of service charges of the cash-less policy on deposits and withdrawals above N500, 000 and N3m for individual accounts and corporate accounts respectively as planned by the Central Bank of Nigeria, begins on Monday (today) in Lagos State. The CBN had announced that effective from April 1, 2012, daily […]

The Central Bank of Nigeria has imposed a fine of N47.708m on Stanbic IBTC Bank Plc for contravening the Commercial Agriculture Credit Scheme for the month of March. The CBN in a report on Friday said, “In the period under review, the sum of N470m was withdrawn from Stanbic IBTC […]

The Nigerian Deposit Insurance Corporation has said it has disbursed N2bn to 71,000 depositors of 103 closed microfinance banks in the country. The Managing Director of the corporation, Alhaji Umaru Ibrahim, announced this on Saturday at the NDIC Special Day at the ongoing 23rd Enugu International Trade Fair. Ibrahim, who […]