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Dormant Accounts hit N19.69m Amid CBN’s Policies

Following the Central Bank of Nigeria's policy changes, the Nigeria Inter-Bank Settlement System's inactive account database showed around 19.69 million Nigerian banking sector dormant...

CBN Defends ATM Withdrawal fee Hike

The Central Bank of Nigeria, CBN, claimed it increased ATM withdrawal fees from other banks to encourage banks to enhance cash access. After its Monetary...

CBN Mandates Banks to Publish Dormant Accounts

In a major change, the Central Bank of Nigeria (CBN) has ordered banks and financial institutions to disclose dormant accounts, unclaimed balances, and other...

CBN Mandates Directors with non-performing insider loans to Resign

The Central Bank of Nigeria (CBN) has demanded that bank directors with non-performing insider loans resign immediately.Insider loans are those made by a bank...

CBN Takes Tough Stance on Bad Loans, Orders Directors Resign

The Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately. This directive aims to strengthen corporate...

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