CBN Lists Deposit Money Banks In Nigeria (see Full List) - Business (4)

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CBN Lists Deposit Money Banks In Nigeria (see Full List) - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Lists Deposit Money Banks In Nigeria (see Full List) (38313 Views)

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Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by SirLakes: 5:29pm On May 08

Nothing consign me

Nothing concern me

Na who get money dey use bank

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by afariogunone1(f): 5:31pm On May 08

Originality007:
palmpay, moniepoint and kuda nko?

Moniepoint and Kuda na micro finance bank dem be

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Doyin2(m): 5:31pm On May 08

crestedmazi:
this list is as useless as the banks listed on them , even the cbn governor and his family members use digital banks like opay and the rest,

Rubbish!

Which of the listed banks is not digital?

Opay,monipoint,etc were registered as either micro finance banks,Fintech or payment platforms and never as deposit money banks.

Your deposit with Opay is not insured by NDIC and it is absolutely at your own risk.

2 Likes 1 Share

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Deogratiasfx: 5:32pm On May 08

paymentvoucher:
Make I go empty my money inside OPAY and PALMPAY. I no wan hear story at all.

Things just dey happen anyhow in this country...

You had better also empty all ur money in all the banks because it is the same CBN and NDIC that is controlling and monitoring all of them.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by crestedmazi: 5:35pm On May 08

Doyin2:

Rubbish!

Which of the listed banks is not digital?

Opay,monipoint,etc were registered as Fintech and payment platforms and never as deposit money banks.

Your deposit with Opay is not insured by NDIC and it is absolutely at your own risk.

they don't steal from me like your deposit money banks.

go on twitter and see your country men crying because of bank fraud

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Diligence: 5:35pm On May 08

Hello CBN:

Say something now about the category of the Digital Financial Orgs such as Opay, Palmpay, MoniePoint, et al, b4 anyhow narratives go fly commot for window & unnecessary panic ensues esp wen una see say people don dey ask one kind question...

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by PARADIZEPRIEST: 5:35pm On May 08

SYSTEM222:
They are fighting Digital banks so hard.

No Opay
No Kuda
No Moniepoint
No Palmpay

Lols

Digital banks are so porous in nigeria and have become feasting HUB for Godless scammers and criminals,I have closed all my opaypalmpalmwhateverpay

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Doyin2(m): 5:38pm On May 08

crestedmazi:

they don't steal from me like your deposit money banks.

go on twitter and see your country men crying because of bank fraud

They don’t steal from you,but their customers steal from people via yahoo yahoo.

Which yahoo boy will steal money and keep it in the deposit money banks?

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by NEIGHBOUR(m): 5:48pm On May 08

Originality007:
palmpay, moniepoint and kuda nko?

They are microfinance banks.🤣

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by NEIGHBOUR(m): 5:50pm On May 08

UD101:
Fairmoney?

Fairmoney is a Microfinance bank.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Tizmamoney: 5:52pm On May 08

Fearyourcreator:

If to say you don achieve for life you for dey there ... But failures dislike success... You don't just get to those post anyhow... You work hard and smart ...

I achieved more than you and your entire generations combined even in my Young age

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by lhurd: 5:57pm On May 08

Access, small?? Access has literally been the largest bank in Nigeria since about 2014 o

Skyfornia:
Access....small but mighty!

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by OgundeleT(m): 6:06pm On May 08

carterguccy:
No Opay

Opay and palmpay are MMO. They don't accept deposits.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Vikalinda(m): 6:14pm On May 08

I really don't know the problem he has with digital Banks like Opay.
You cannot tell us non of them is licensed

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by 1Alex: 6:16pm On May 08

ebunoluwawa:

Omo, it means our money is not safe with all these digital banks, chai! dem Opay, Kuda, Moneipoint and so called Palmpay. Hmmmmmm

those you mentioned are micro finance banks which are not listed here. They are too numerous to be mentioned as almost all villages in Nigeria have their own.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by bobkezel(m): 6:30pm On May 08

Doyin2:

Rubbish!

Which of the listed banks is not digital?

Opay,monipoint,etc were registered as either micro finance banks,Fintech or payment platforms and never as deposit money banks.

Your deposit with Opay is not insured by NDIC and it is absolutely at your own risk.

Your last paragraph is false. Opay, Palmpay and moniepoint are insured by NDIC and licenced by CBN.

5 Likes 1 Share

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by bobkezel(m): 6:36pm On May 08

The banks listed are MDBs, and not Fintechs nor MFBs.
Mek una no panick, CBN go soon release the list of licenced and insured Fintechs and MFBs.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Chicentt(f): 6:46pm On May 08

They are not banks,, oga sad

paymentvoucher:
Why didn't CBN list them as bank that have DMB license? That's my question

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Tsadu01(m): 6:49pm On May 08

Opay

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by paymentvoucher: 6:50pm On May 08

Thanks for the clarification

just2endowed:

Deposit money banks are actual banks that accept financial instrument, money, cheques, drafts, etcc ; to transact and also process international transaction. i in other words, deposit money banks are refers to as commercial banks. the function of deposit money banks are very broad in economic sense.

you cannot compare opay and others to deposit money banks because opay and others are classified under micro-finance bank and their function are very limited

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by okunwaye(m): 6:55pm On May 08

Ojemedad:

What is the purpose of this, what’s the economic significance, how can it revive the dying economy?

Old skool reasoning grin

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by commoditiesnig: 7:04pm On May 08

Good info

omobabaoffa:
I have account in 5 out of the 7 first set of banks. Na the balance of the account be wahala. The balance resemble radio station frequencies

Lol 😂

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by caracas: 7:05pm On May 08

Skyfornia:
Access....small but mighty!

Access bank is not small ooo
It’s the biggest bank in Nigeria….

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Gaddafih001(m): 7:08pm On May 08

SYSTEM222:
They are fighting Digital banks so hard.

No Opay
No Kuda
No Moniepoint
No Palmpay

Lols

They are micro finance banks

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by LoveOfPeace: 7:44pm On May 08

The list is not complete. Why is Mortgage banks not listed, or are they not financial institutions again in Nigeria 🇳🇬?

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by darediamond(m): 7:52pm On May 08

Nemere2020:

https://tribuneonlineng.com/full-list-see-deposit-money-banks-dmbs-in-nigeria/

Banks FOR ENSLAVING and STEALING and SCAMMING Nigerians!!!

Cardoso Abi Kadaso, forget it, we are not leaving the Reasonable NeoBanks.

Opay, Monipoint, Kuda and THAT SUPER VIBRANT PALMPAY!!

This is why you rope them to be the ones facilitating crypto transactions Nigerian Youths resort to after you Old Fools Handling Nigeria reder them Jobless Delibrately.

Pele oo. Ore Illegitimate President Of Nigeria!!

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by 99thEnemy(m): 7:57pm On May 08

carterguccy:
No Opay

Mad man

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Olumyco(m): 8:16pm On May 08

Opay = Mobile Money Operator ( MMO)

Palmpay = Mobile Money Operator (MMO)

Moniepoint = Mobile Money Operator (MMO) + Microfinance Bank (MFB)

Kuda = Microfinance Bank (MFB)

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by 18wheeler: 8:17pm On May 08

paymentvoucher:
That means OPAY, PALMPAY and co don't have DMB license then?

MFBs are not really classified as DMBs. They are usually supposed to maintain accounts with DMBs who serve as link between them and CBN. That is why an OPay and the others cannot go to CBN and ask to withdraw cash to pay their customers. They must do that via the DMB they maintain account with if at all the neeed arises. I think their customers really need to understand the conditions of their operations and the terms of their licenses to understand better.

2 Likes

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Allenmuller(m): 9:05pm On May 08

Where opay dey na

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by adewale2011(m): 9:08pm On May 08

Ignorant you. Opay is fully Insured by NDIC and so is the others, Palmpay and Moniepoint est.

Doyin2:

Rubbish!

Which of the listed banks is not digital?

Opay,monipoint,etc were registered as either micro finance banks,Fintech or payment platforms and never as deposit money banks.

Your deposit with Opay is not insured by NDIC and it is absolutely at your own risk.

Re: CBN Lists Deposit Money Banks In Nigeria (see Full List) by Silentgroper(m): 9:32pm On May 08

What does the thread mean??

Besides, the bank I use no dey there na .

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