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Tag Archives: money banks

Fraudulent Transactions In Banks Rises To 43.7% — NDIC

Posted ago by admin

  Despite measures  put in place by banks, regulators of  the finance sector as well security operatives, the volume and value of fraud in the banking industry are on the increase. According to the Nigeria Deposit Insurance Corporation 2012 annual report, …

Cash Reserve Requirement: CBN Withdraws N1tn From Banking System

Posted ago by admin

The Central Bank of Nigeria  began the implementation of its new 50 per cent Cash Reserve Requirement policy, which requires Deposit Money Banks to keep 50 per cent of all public sector funds with the central bank. Consequently, the CBN …