Deposit Money Banks

July 28, (THEWILL) - The Imo State Commissioner for Trade and Investment, Comrade Simon Ebegbulem, has decried the damage which the illegal sit-at-home has done to Igbo businesses across the South East in the last couple of years, warning...

July 19, (THEWILL) - Nigeria’s largest deposit money bank by assets, Access Bank, has said it will not receive remittances made through unregistered payment services. In a note to its customers Wednesday, the Tier-I bank noted that while it would...

Investment inflow to the Nigerian economy in the first quarter of this year (Q1 2023) eluded three mainstream deposit money banks (DMBs). According to the National Bureau of Statistics (NBS), no capital was channeled through these DMBs during the...

SAM DIALA shows how the audacious stance of brave domestic investors lifted Nigeria’s equities market to a 15-year high after foreign investors fled in 2020. Nigeria’s equities market recorded an outstanding performance in the first half of the year (H1-2023),...

June 02, (THEWILL) - Telecommunications operators in Nigeria have issued a disconnection notice to Deposit Money Banks (DMBs) over N120 billion Unstructured Supplementary Service Data (USSD) debt. A statement signed by the Chairman of the Association of...

The Nigeria Deposit Insurance Corporation (NDIC) has urged the banking public that the safest place to keep their money is the formal banking system. This is because the NDIC protects their bank deposits. The Managing NDIC, Mr Bello Hassan...