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Tag Archives: Banks

Punishment of banks, e-payment firms leaving on infractions begins April—CBN

CBN Godwin-Emefiele

The Central Bank of Nigeria (CBN), has set deadline of April 1, this year for resumption of sanction on banks, mobile money operators, switches and other payment system service providers ...

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Ecobank inks investment financing deal with Afreximbank

Ecobank Hqs

Ecobank Transnational Incorporated, the parent company of Ecobank Group has consummated new Memorandum of Understanding with the African Export-Import Bank to drive investment financing. President of Afreximbank, Dr Benedict Oramah, ...

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Heritage bank, others still withholding MDAs fund meant for TSA

Heritage bank

More than one year after, the federal government has once again decried the resistance of some money deposit banks (MDBs) in effecting complete compliance to the Treasury Single Account (TSA) ...

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TSA compelled MDAs to close 20,000 bank accounts in banks, saves N4.7bn monthly

Buhari CBN

Government has revealed that since the commencement of the Treasury Single Account (TSA) in September 2015, money deposit banks who had been riding on the deep pocket deposits of Ministries, ...

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