As part of efforts to stabilise the value of the naira exchange rate, the Central Bank of Nigeria (CBN) yesterday, issued draft revised regulatory and supervisory guidelines for Bureau de Ch… Read More

The Federal Government (FG) and the Central Bank of Nigeria (CBN) have categorically denied any plans to convert $30 billion domiciliary deposits into naira, refuting recent reports that su… Read More

The Central Bank of Nigeria (CBN) has categorically denied recent rumors that it intends to convert domiciliary deposits totaling $30 billion in Nigerian banks to Naira. Originating from… Read More

No plan to convert $30bn domiciliary account funds to naira – CBN » The Central Bank of Nigeria (CBN) has debunked the media report that it plans to convert an estimated $30billi… Read More

The governor of the Central Bank of Nigeria, CBN, Mr. Yemi Cardoso, yesterday told members of the House of Representatives, that the task of stabilising the naira is the responsibility of al… Read More

“Cash Scarcity: People are hoarding bank notes – CBN.” VANGUARD, December 14, 2023. Governor Cardoso and his new team at the top of the Central Bank of Nigeria, CBN, can… Read More

The total balance in Nigeria's domiciliary accounts, which are accounts that hold foreign currency, increased by more than 20% in June, from N10.72 trillion to N17.65 trillion. This was driv… Read More

List Of Suntrust Bank USSD Code Loan Transfer  2023 Have you lately transferred your main bank account to Suntrust Bank? If so, you must discover a great deal about Suntrust Bank. Learn… Read More

In spite of the challenging operating environment in the nation, Fidelity Bank saw its profit more than double in just one year.The bank's financial documents show that its profit after tax… Read More

SOURCE AND APPLICATION OF FUNDS TO A COMMERCIAL BANKING SECTOR Need help with a related project topic or New topic? Send Us Your Topic  DOWNLOAD THE COMPLETE PROJECT MATERIAL SOURC… Read More

The apex bank said this in guidance to Deposit Money Banks (DMBs) after a meeting with the bankers’ committee on Sunday.The guidance includes allowing all visible and invisible transac… Read More

AN ASSESSMENT OF LOAN DEFAULTS AND ITS IMPACTS ON PROFITABILITY BANKS Need help with a related project topic or New topic? Send Us Your Topic  DOWNLOAD THE COMPLETE PROJECT MATERIA… Read More

The Central Bank of Nigeria (CBN) has said cash deposits into domiciliary accounts will no longer be restricted, and customers “shall have unfettered and unrestricted access to funds i… Read More

In Nigeria, saving dollars can be a strategic financial move to safeguard wealth and mitigate the impact of currency fluctuations. This detailed guide offers practical steps for Nigerians to… Read More

CBN Issues New Directives to All Nigeria Banks – Read Details below… The Central Bank of Nigeria (CBN) has issued a new set of directives to Deposit Money Banks (DMBs) regardin… Read More

Two days after we published an article explaining the implications of the unified exchange rate, the Central Bank of Nigeria (CBN) released a letter to all Deposit Money Banks (DMBs) providi… Read More

The proposed plan by the Central Bank of Nigeria (CBN) to mop up funds from dormant accounts has raised concerns from banks and their customers. While this proposal is not new, stakeholders… Read More

The Central Bank of Nigeria (CBN) has announced that it will mop up all dormant account balances and unclaimed balances in banks into a designated account it has created. The apex bank sta… Read More

How to open a dollar account in Nigeria 2023 Do you wish to have a dollar account or a domiciliary account as it is also called? Why not open one here in Nigeria so you can send and receive… Read More

A domiciliary account is a specific kind of bank account that allows you to receive and make payments in foreign currencies. It’s pertinent for content creators, gig workers, internati… Read More

Account types offered by banks in Nigeria – There are several types of accounts that can be opened in Nigerian banks, including: Savings account: This is a basic type of account t… Read More

Top 5 best domiciliary account in nigeria When it comes to international transactions, having a quick discussion about Domiciliary accounts is essential. Simply put, this type of bank accoun… Read More

Australia’s banking system is extremely trustworthy and accessible. Banks in Australia are smart and competitive, with a strong regulatory structure. As a matter of fact, Banks play an… Read More

The banking industry has adopted new and creative business practices as technology develops. In most nations, digital or challenger banks are the newest trend. They dominate markets in the U… Read More

Nigeria’s Central bank assures No Plan to Covert Forex in domiciliary Accounts – The Central Bank of Nigeria (CBN) says there are no plans to convert forex in domiciliary ac… Read More

Banks Set Monthly Cash Deposit Limit for Domiciliary Accounts – The amount of cash that can be deposited into domiciliary accounts of customers in Nigeria has been reduced by bank… Read More

If you are an individual or business person who sends and receives funds from outside the country, you must know how sending and receiving money into a domiciliary account in Nigeria works… Read More

CBN reviews domiciliary account operating rule – The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from Internatio… Read More

CBN announces New Guidelines for Mobile Money Operators in Nigeria – The apex regulator of banking activities in Nigeria has released new guidelines to further regulate… Read More