Tag: Foreign Banks

[BREAKING] CBN Orders Banks to Accept Old N500, N1,000 Notes

by Justice Godfrey Okamgba

February 17, 2023

Finance

"No, we didn't", CBN clarifies The Central Bank of Nigeria has reportedly directed banks to begin collecting old N500 and ...

GTBank Suspends Foreign Transactions on Naira Mastercard

by Justice Godfrey Okamgba

December 30, 2022

Finance

Guaranty Trust Bank (GTBank) has announced the suspension of international transactions on Naira Mastercard. Understandably, foreign exchange shortages have become ...

CBN Releases Guidelines to Representative Offices of Foreign Banks in Nigeria

by Justice Godfrey Okamgba

October 14, 2022

Finance

CBN would require that foreign banks pay a non-refundable application charge of N5,000,000 and a non-refundable license fee of N10,000,000.

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