Security experts have alleged that commercial banks are encouraging the spate of kidnapping in the country, as some ransoms are paid into bank accounts.
The experts and analysts, who have backgrounds in military, intelligence, and policing, also stressed that abductions … Read the rest
By Jide Akinsemoyin
For Nigeria to grow its economy from its current GDP of $390 billion to a projected $1 trillion, will require the banking sector to provide much more credit to the real economy than it currently does. The … Read the rest
Banks across Nigeria are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials.
The move, it was learnt, would help bank branches to tackle lingering queues in some cities … Read the rest
The Central Bank of Nigeria (CBN) began releasing more old notes to Deposit Money Banks in efforts to flood the economy with more cash after the prolonged cash crunch that has made life difficult for millions of Nigerians across the … Read the rest
Banks across Nigeria have started issuing the old N500 and N1,000 notes to customers at their various automated teller machines (ATMs) terminals and over the counter.
The development is in compliance with the new directive of the Supreme Court, extending … Read the rest