Deposit Money Banks (DMBs) are expected to start a parallel run of both Basel I and II minimum capital adequacy computation before the end of the month, the Central Bank of Nigeria (CBN) has said. In a report posted on its website, the CBN Director, Banking Supervision, Mrs Tokunbo Martins, said the […]
Tag: Deposit Money Banks
Banks slash current account charge to N3 …plan to reduce other charges
The Bankers Committee has said Deposit Money Banks in the country have agreed to reduce all bank charges in order to enhance financial inclusion. As a first step, the committee has already endorsed the downward review of the Commission on Turnover charged current account holders from N5 on every N1,000 […]
Banks develop framework to support power projects
Deposit Money Banks in the country have started a collaborative effort to develop amenable financing framework that will serve as the financial industry’s master template for the funding of the power sector. A statement made available to our correspondent on Friday said the strategic funding plan was being developed under […]
