The Central Bank of Nigeria has directed Deposit Money Banks to henceforth destroy Automated Teller Machine cards trapped in their ATM terminals. The CBN also gave banks 24 hours to reverse debit entries arising from failed transaction attributable to system-related issues.  The directives were contained in a 14-page ‘Guidelines for […]

The Central Bank of Nigeria has said that an efficient national savings strategy is important to creating price stability that will drive sustainable national growth and reduce the pressure on prices in the country. The Acting Governor, CBN, Dr. Sarah Alade, stated this in Abuja on Tuesday when she briefed […]

Investors in Access Bank’s Gambian unit have injected over $15 million to recapitalise and take back control of the bank after it was briefly nationalised last week, Gambia’s central bank said in a statement on Monday. The statement said the bank’s capital had fallen below a required minimum level of […]