The House of Representatives has reaffirmed that it supports the federal government’s intention to impose a 0.05 percent cybercrime fee.
In addition, the House called on the Office of… Read More
Senator Ali Ndume has condemned the controversial cybersecurity levy, saying that it is not proper for the government to continue to levy the citizens while nothing is done to increase their… Read More
American Express and O3 Capital have launched its business credit cards in Nigeria at an event in Lagos
The card is expected to cater to the needs of small and medium-sized enterprises (SM… Read More
Banks in Nigeria will begin charging a 0.5 percent cybersecurity levy on every electronic transfer made by individuals. These charges will commence in two weeks.
The Central Bank of Niger… Read More
The Socio-Economic Rights and Accountability Project (SERAP), has urged President Bola Tinubu, to immediately direct the Central Bank of Nigeria (CBN), to withdraw the cybersecurity levy on… Read More
Nigerian banks will temporarily reprieve their customers from processing fees on deposits. This will happen because the country's apex bank has freshly directed said financial inst… Read More
Prominent civil society organization Socio-Economic Rights and Accountability Project (SERAP) has issued a 48-hour ultimatum to President Bola Tinubu, demanding the immediate revocation of t… Read More
Some parts of the Federal Capital Territory, FCT, are beginning to experience paucity of the Naira as Nigerians approach Christmas.
No fewer than seven commercial banks in the AYA area of… Read More
Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts.
This followed the new direct… Read More
News update: Supreme Court finally extends validity of old naira notes indefinitely.
The Supreme Court on Wednesday granted the application of the Federal Government to extend the lifespan o… Read More
The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the country beyond December 31.
The apex court, in a ruling by a seven-man pane… Read More
According to The PUNCH, the Chief Executive Officers and top management staff of banks may be investigated as part of the current inquiry into the operations of the Central Bank of Nigeria… Read More
PROBLEMS OF NEW BANK IN NIGERIA
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PROBLEMS OF NEW BANK IN NIGERIA
CHAP… Read More
EFFECTS OF BANK DISTRESS ON THE SAVING HABITS OF THE RURAL DWELLERS
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Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal High Court in Lagos to compel the Central Bank of Nigeria (CBN) to withdraw its directive to banks and other fi… Read More
Read about the latest updates from the Central Bank of Nigeria (CBN) on June 20, 2023.
Latest CBN News Today 20th June 2023 : In the most recent news from the Central Bank of Nigeria (CBN)… Read More
A STUDY OF THE EFFECTS OF FINANCIAL DISTRESS ON NIGERIAN COMMERCIAL BANKS
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Gideon Arinze in Enugu
Business banks in Enugu State opened on Saturday in compliance with the directive of the Central Financial institution of Nigeria (CBN).
The CBN had… Read More
Nigeria is the largest recipient of remittances in sub-saharan Africa according to data from the World Bank, receiving up to $20.9 billion in 2022, a 7.5% growth compared to 13.2% in 2021, b… Read More
The Central Bank of Nigeria may be under pressure to extend the deadline for old naira notes to cease being legal tender as bankers and customers push for the extension.
The old note… Read More
According to local reports, Nigerian financial institutions have begun abiding by a Supreme Court ruling that invalidated the Central Bank of Nigeria (CBN)’s demonetization of the 1,00… Read More
The Supreme Court, on Wednesday, said it would not allow the Federal and states governments turn the Judiciary to a scapegoat in the legal dispute that is currently trailing the ban on use o… Read More
Patients lament as hospitals insist on cash payment amid Naira scarcity
The scarcity of new naira notes has been a serious issue in the nation in recent times. With this development, pati… Read More
at the twenty 6th of october, 2022, the president of nigeria, muhammadu buhari, along the governor of the crucial monetary institution of nigeria, godwin emefiele, unveiled nigeria&rsq… Read More
Nigeria's Central Bank this week announced a new policy that restricts large amounts of cash from being withdrawn from bank accounts. The announcement comes two weeks after authorities unvei… Read More
Customers depositing billions, millions –BankersBanks launch Saturday service for cash deposits…ordered to share daily vault balances with CBNDays after the Central Bank of Nige… Read More
With the advertised fares on foreign airlines’ websites, Nigerians now pay three times more than other travellers for the same destinations amid a threat by the international operators… Read More
Luno Engages CBN to Enable Customers Withdraw Funds – One of the popular platforms for trading cryptocurrencies in Nigeria, Luno, has addressed the inability of its customers to w… Read More
The founder and CEO of cryptocurrency exchange, Binance, Changpeng Zhao has reacted to the order by the Central Bank of Nigeria which prohibits commercial banks and all non-banking financial… Read More
This new directive means when Nigerians living in diaspora transfer money to loved ones in the country, they can in turn withdraw the money in dollar cash and sell wherever they want to.Curr… Read More
Some commercial banks have designed means to avoid the recent slash in charges on withdrawal from Automated Teller Machines (ATM) by the Central Bank of Nigeria (CBN).
The central bank re… Read More
TL;DR Breakdown
P2P trading to rise as an aftermath of crypto ban in NigeriaCBN has given no explanation for the ban on cryptoFollowing the Central Bank of Nigeria’s (CBN) ban on ba… Read More
Fellow Nigerians, the hope and future of Nigeria has not been so dampened by corruption as orchestrated by economic and financial crimes as we are witnessing now within and outside the count… Read More
SAN FRANCISCO, June 08, (THEWILL) – The Senate has summoned Chris Ngige, Minister of labour and employment, to explain his threat to withdraw the license of any bank that retrenches it… Read More
More trouble for MTN Nigeria as the federal government through the attorney general of the federation and minister of justice, Mr Abubakar Malami, has demanded from the mobile operator… Read More
The Nigerian Ports Authority, NPA, has advanced reasons for its decision to terminate multi-million dollar contract with Intels.
Intels is owned by former Vice President Atiku Abubakar, who… Read More