CBN releases list of licensed Deposit Money Banks in Nigeria

Published

May 8, 2024

The Central Bank of Nigeria has announced 44 lists of licensed deposit money banks in Nigeria.

The apex bank disclosed this in a list released on its official website on Tuesday.

According to CBN, Seven banks, including Zenith Bank, Access Bank, First Bank, First City Monument Bank, United Bank of Africa, Fidelity, and Guaranty Trust Bank, have Commercial Banking licenses with international authorization as of April 26, 2024.

Comments

FG set to deploy first batch of CNG vehicles ahead of Tinubu's one year in office come 29th May 2024

FG announce plans to deploy the first batch of CNG Vehicles ahead of first anniversary of Tinubu in office on May 29th 2024. Said N100 billion was allocated to purchase 5,500 CNG vehicles, 100 electric buses, and over 20,000 CNG conversion kits. Deployment of CNG vehicles is parts of FG’s vision to have at least one million natural gas propelled vehicles on the roads by 2027. The Federal Government has announced plans to start the deployment of Compressed Natural Gas (CNG) buses and tricycles for mass transit ahead of Tinubu administration’s first anniversary on May 29th. The move was disclosed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement on Sunday April 21st 2024. According to him, the Federal Government allocated N100 billion last year to purchase 5,500 CNG-powered vehicles (buses and tricycles), 100 electric buses, and over 20,000 CNG conversion kits. The funding, which is part of the N500 billion palliative budget, a...

CBN asks Nigerian banks to charge 0.5% cybersecurity levy on all transactions

CBN asks Nigerian banks to charge 0.5% cybersecurity levy on all transactions Jerry Wright-Ukwu May 7, 2024 Amid the prevailing challenges in Nigeria, deposit money banks across the country will now implement a 0.5% cybersecurity levy on transactions, as announced in a circular issued by the Central Bank of Nigeria (CBN) dated May 6, 2024. According to the circular addressed to all commercial, merchant, non-interest, and payment service banks, as well as mobile money operators and payment service providers, the levy is in line with the provisions of the Cybercrime (Prohibition, Prevention, etc) ( amendment ) Act 2024. “Following the enactment of the Cybercrime (Prohibition, Prevention, etc) ( amendment ) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to...

Reasons why Man United will defeat arsenal this weekend

Manchester United has the potential to claim victory against Arsenal for several concrete reasons: 1) Home Advantage: Playing at Old Trafford, United will have the backing of their home crowd, which could boost the team's morale and performance 2) Strong Attack: With players like Marcus Rashford, Alejandro Garnacho, and Bruno Fernandes, United boasts a formidable attacking force that can break down Arsenal's defense. 3) Tactical Flexibility: Manager Erik ten Hag has shown adaptability in his tactics and can exploit Arsenal's weaknesses by adjusting his game plan accordingly. 4) Improved Defensive Stability: United has conceded fewer goals in recent matches, suggesting an improvement in their defensive capabilities, which could help them keep Arsenal's attackers at bay. 5) Motivation for Top-Four Finish: United's players will be highly motivated to secure a win against Arsenal, as it could significantly boost their chances of securing a top-four finish in the Premi...

uchendu

Search This Blog