Latest Reekado Banks News, Photos, Gossip & Rumours! (Page 3)

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Dormant Accounts: CBN Slams N2m Fine On Erring Banks

The Central Bank of Nigeria, CBN, has slammed some banks with a fine. The CBN slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed balances and other financial assets in financial institutions in the country CBN defines a dormant account as a bank account that has

Trouble For Seyi Makinde As Court Blocks Oyo Govt’s Accounts In 4 Banks Over N3.4bn Debt

A High Court of the Federal Capital Territory (FCT), Abuja, has issued an order attaching funds standing to the credit of the Oyo State Government and its agencies in four banks.Justice A. O. Ebong issued the order while ruling on a motion ex-parte for garnishee order filed by the ex-chairpersons and councillors led by Bashorun Majeed, Bosun Ajuwo
CBN Supplies More Cash To Banks For Dispense Through ATMs

The Central Bank of Nigeria (CBN) has increased its efforts to supply the economy with more cash by releasing more old notes to Deposit Money Banks (DMBs) after a prolonged cash crunch that has affected millions of Nigerians.The CBN released several billions of naira to DMBs over the weekend, prompting many bank branches in Lagos, Abuja, Ogun, and

CBN Orders Banks To Open On Saturday And Sunday For Massive Disbursement of Naira Notes

All Deposit Money Banks have been ordered to open on Saturday and Sunday for massive disbursement of naira notes by the Central Bank of Nigeria (CBN). CBN gave the order on Friday. The apex bank has also commenced massive deployment of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circ
Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-Week Target

The Central Bank of Nigeria has moved to make more cash available tp Nigerians. The CBN, on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide. The central bank had directed DMBs t

CBN To Flood Banks With Old Naira Notes Today

The Central Bank of Nigeria (CBN) moved last night to end the biting cash scarcity. It plans to flood the banks with more old N1000 and N500 notes. Reliable sources in the apex bank said that headquarters of commercial banks had been contacted to collect the old notes they returned to the Central Bank for recirculation. “Banks have been instruc
Banks Lament Not Getting New Naira Notes From CBN

The Central Bank of Nigeria (CBN) may have halted the supply of new N200, N500 and N1,000 notes to Money Deposit Banks (DMBs), causing frustration for Nigerians eager to transact with them.Several banks reported not receiving new notes from the CBN, while others claimed that the old notes they had been given were insufficient to meet customers’

Relief As More Banks Disburse Old, New Naira Notes In Abuja

Many Abuja residents are starting to find some relief from the horrors of naira notes shortage. The residents are beginning to heave a sigh of relief as more commercial banks began disbursing old and new naira notes in line with the directives of the Central Bank of Nigeria (CBN). A visit to some banks on Wednesday showed there were shorter queues
Nigerians React As CBN Orders Banks To Accept Old N500, N1000 Naira Notes

Nigerians have reacted after the Central Bank of Nigeria finally bowed to Supreme Court order stating that old N500 and N1000 Naira notes are still legal tender. Recall that the CBN had released a statement saying the old notes are still legal tender hours after President Muhammadu Buhari insisted that he did not order the CBN Governor, Godwin Eme

Gov. Sanwo-Olu Threatens to Shut Businesses, Banks Rejecting Old Naira Notes in Lagos

Lagos State Governor, Mr Babajide Sanwo-Olu, on Monday, directed residents of the State to go ahead and have transactions with the old Naira notes, saying Lagosians should feel free to use the old notes for commercial purposes.Governor Sanwo-Olu gave the directive in a letter he wrote and addressed to Lagosians.The Governor said his directive on t
BREAKING: Naira Crisis: CBN Authorizes Banks To Dispense & Accept Old Naira Notes

The Governor of Anambra State, Prof Charles Soludo confirmed on Monday that the Central Bank of Nigeria has asked commercial banks to dispense and accept old naira notes as deposits.It was reported that Soludo, a former CBN governor, made this known in a statement he posted on his social media handles.He explained that the Governor of CBN, Godwin

Bank Customers Share Their Ordeal After Accepting Old Naira Notes From Banks

Some Nigerian bank customers have talked about their experiences after collecting the old naira notes.They say they regret collecting the old denominated N500 and N1,000 notes from commercial banks, after the Supreme Court judgment validating it as legal tender till Dec. 31.They told the News Agency of Nigeria (NAN) in separate interviews that it
Fuel Stations, Others Reject Old Notes, Banks Ration Cash

The PUNCH reports that the fresh move by some Deposit Money Banks to re-circulate old N500 and N1,000 notes has hit quite a setback. The move suffered a setback on Tuesday as motorists, fuel stations, retailers, traders, and other categories of bank customers rejected the old currencies. The development came about 48 hours after some commercial ba

Collecting Old Naira Notes From Banks Risky – Banker Warns

Indications have emerged that customers who are accepting old N1000 and N500 notes from their banks are doing so on their own. This is because such customers would not be able to deposit the same old notes in banks at the moment until the Central Bank of Nigeria (CBN) orders commercial banks to start paying and receiving the old notes. Following t
JUST IN: Banks Resume Paying Nigerians Old N500, N1000 Notes

Some deposit money banks have started paying out the old notes, following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria (CBN) currency redesign policy to December. Some checks by Daily Trust showed that some commercial banks in the City of Kano and Abuja have commenced paying out the old N500 and N1000 note

Why Banks Are Not Issuing Old Naira Notes Even After Supreme Court's Ruling

Banks in Nigeria have revealed why they are not issuing the old 200, 500 and 1000 as directed by the Supreme Court. The apex court had last week ruled that the old notes are still legal tenders till December 31st 2023. Banks in reaction to the apex court’s directive noted that they can’t commence re-issuance of the old notes until they are dir

BREAKING: Banks Resume Receiving Old N500, N1000 Notes

Investigations have revealed that Deposit Money Banks (DMBs) have started receiving old N500 and N1000 notes again.Investigations have indicated that the banks have been receiving the old N500 and N1000 notes since the beginning of this week.A bank official told Vanguard, in Abuja, yesterday, that customers could deposit any amount below N500,000.

Naira Scarcity: Customers Lament As Banks Resume Operations After Election In Osun

Residents of Osogbo, the Osun State capital, have continued to experience scarcity of Naira notes even as the February 25 presidential and National Assembly elections have been concluded.Majority of the banks operating in Osogbo only opened for business to attend to customers with different issues inside the bank while their Automated Teller Machi
Banks Announce Early Closure Ahead Of Saturday Polls

Commercial banks in Nigeria have announced that they will shut down their branches early on Friday. According to the banks, this is due to the Saturday, February 25th presidential and national assembly elections, Customers have been sent notifications informing them of the early closure of services. Most of the banks usually close at 4:00 PM. Howe

Actress Susan Peter Calls Out Nigerians Vandalizing Banks, Says Most Don't Have Money There

Nollywood actress turned entrepreneur, Susan Peters has taken to social media to call out Nigerians who have been vandalizing banks following the outrage at cash scarcity that has plagued the country since redesigning the naira notes.It is no news that Nigerians have been experiencing cash shortage as the Central Bank of Nigeria pushes to replace
ACAMB Denies Report That CBN Orders Banks To Shut Down Service Over Election

The Association of Corporate Affairs Managers of Banks (ACAMB) has denied trending social media messages that the Central Bank of Nigeria (CBN) ordered Deposit Money Banks (DMBs) to shut down services for five days because of the Presidential and National Assembly elections scheduled for February 25, 2023.This was revealed in a statement signed an

Naira Scarcity: Photos Of Delta Residents As They Keep Vigil In banks

As early as 6 am on Wednesday, Nigerians have thronged various commercial banks in Delta State in search of Naira notes.The situation has remained the same for weeks now, with customers left to their fate.Our correspondent, who visited some of the banks, was threatened by a policeman on duty. He had insisted that the pictures taken must be deleted
All Banks In Ogun State Shut Down Over Destruction of Bank Properties By Rioters

The Ogun State Bankers' Forum has ordered the shutdown of all commercial banks in Ogun State. This comes after many of the banks were destroyed by Nigerians protesting the Naira scarcity. The Ogun State Bankers’ Forum made this known in a communique issued today, Feb. 21. It reads: “Dear Ogun Bankers, “You are aware of the massive dest

Again, Protest Rocks Ogun Over Naira Scarcity, Banks Burnt (VIDEO)

Once again, serious protest has take over Ogun State over the naira scarcity. Videos online show two banks set on fire in the Sagamu area of the state. The videos shared on Monday showed many residents watching as Keystone and Union banks were set ablaze with some youths holding planks in protest. On Friday last week, The PUNCH had reported
Naira Redesign Crisis: Gov. Ganduje Vows To Destroy Banks In Kano

Governor Abdullahi Umar Ganduje of Kano State has warned that commercial banks operating in the state would be destroyed if they keep turning back depositors of the old N500 and N1,000 notes.Ganduje made the threat on Friday as he inspected palliatives being distributed to the citizens to cushion the effects of the hardship caused by the cashless

2023 Election May Not Hold Over Attacks on Banks Due to Naira Scarcity – Primate Ayodele

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has said those attacking commercial banks are trying to destabilize the 2023 elections starting next week.To this end, Primate Ayodele expressed doubt over the conduct of the upcoming elections scheduled to start next week.He said the violent protests over fuel and Naira scarc

BREAKING! CBN Releases Official Statement, Denies Asking Banks To Accept Old N500, N1000 Notes

The Central Bank of Nigeria (CBN) has refuted news report quoting a source in the bank as saying that the apex bank has ordered commercial banks to start accepting the old N500 and N1000 banknotes.The central Bank in a statement on Friday evening said the report was fake and unauthorised.CBN spokesman, Osita Nwanisobi, said the apex bank strictly
CBN Orders Banks To Collect Old N500, N1,000 Notes

Banks have been ordered to collect old N500 and N1,000 notes from Nigerians all over the country, according to a report by Punch. Punch reported that the Central Bank of Nigeria gave the order on Friday. Recall that the CBN had ordered banks to stop the collection of old notes from Nigerians since February 13, 2023, an action that had sparked prot
Tinubu’s Opponents Own Banks, Can Access Hundreds of Millions – El-Rufai

Governor Nasir El-Rufai has lamented that with President Muhammadu Buhari's order to re-circulate old N200 notes alongside newly redesigned notes, the policy will play against its presidential candidate, Bola Tinubu. According to him, opponents of Tinubu have huge funds at their disposal ahead of the general elections. The governor spoke on T
Regina Daniels Dragged For Saving New Naira Notes in Her Sons' Piggy Banks Amidst Scarcity

Nollywood actress, Regina Daniels is currently under fire for being insensitive to the plights of Nigerians.It is no longer news that the country is in a dire situation with the lack of cash flow and fuel scarcity. Citizens are already staging protests in different states and burning valuablesUnbothered by the country’s predicament, Regina had s

Reekado Banks News, Photos and Videos

Dormant Accounts: CBN Slams N2m Fine On Erring Banks

Trouble For Seyi Makinde As Court Blocks Oyo Govt’s Accounts In 4 Banks Over N3.4bn Debt

CBN Supplies More Cash To Banks For Dispense Through ATMs

CBN Orders Banks To Open On Saturday And Sunday For Massive Disbursement of Naira Notes

Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-Week Target

CBN To Flood Banks With Old Naira Notes Today

Banks Lament Not Getting New Naira Notes From CBN

Relief As More Banks Disburse Old, New Naira Notes In Abuja

Nigerians React As CBN Orders Banks To Accept Old N500, N1000 Naira Notes

Gov. Sanwo-Olu Threatens to Shut Businesses, Banks Rejecting Old Naira Notes in Lagos

BREAKING: Naira Crisis: CBN Authorizes Banks To Dispense & Accept Old Naira Notes

Bank Customers Share Their Ordeal After Accepting Old Naira Notes From Banks

Fuel Stations, Others Reject Old Notes, Banks Ration Cash

Collecting Old Naira Notes From Banks Risky – Banker Warns

JUST IN: Banks Resume Paying Nigerians Old N500, N1000 Notes

Why Banks Are Not Issuing Old Naira Notes Even After Supreme Court's Ruling

BREAKING: Banks Resume Receiving Old N500, N1000 Notes

Naira Scarcity: Customers Lament As Banks Resume Operations After Election In Osun

Banks Announce Early Closure Ahead Of Saturday Polls

Actress Susan Peter Calls Out Nigerians Vandalizing Banks, Says Most Don't Have Money There

ACAMB Denies Report That CBN Orders Banks To Shut Down Service Over Election

Naira Scarcity: Photos Of Delta Residents As They Keep Vigil In banks

All Banks In Ogun State Shut Down Over Destruction of Bank Properties By Rioters

Again, Protest Rocks Ogun Over Naira Scarcity, Banks Burnt (VIDEO)

Naira Redesign Crisis: Gov. Ganduje Vows To Destroy Banks In Kano

2023 Election May Not Hold Over Attacks on Banks Due to Naira Scarcity – Primate Ayodele

BREAKING! CBN Releases Official Statement, Denies Asking Banks To Accept Old N500, N1000 Notes

CBN Orders Banks To Collect Old N500, N1,000 Notes

Tinubu’s Opponents Own Banks, Can Access Hundreds of Millions – El-Rufai

Regina Daniels Dragged For Saving New Naira Notes in Her Sons' Piggy Banks Amidst Scarcity

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