Deposit Money Banks

Deposit Money Banks

CBN to meet banks, telcos, PoS operators over charges

Hope Moses-Ashike Feb 04, 2023

The Central Bank of Nigeria (CBN) said it will meet with the deposit money banks (DMBs) Mobile Money Operators (MMOs)...

Deposit Money Banks

Overnight inter-bank rate rises by 47.5% as CBN mops up N78.3bn

Hope Moses-Ashike Feb 12, 2019

The overnight inter-bank rate, which is the rate at which Deposit Money Banks (DMBs) borrow and lend to each other,...

Deposit Money Banks

Banks halt trading on Naira as currency exceeds band

BusinessDay Feb 12, 2015

Deposit Money banks yesterday halted trading in the local currency, the naira, after it exceeded its daily circuit-breaker of N200...