30 results
- 17 Dec 2020
CBN to Sanction Operators Paying Naira for Diaspora Remittances
Central Bank of Nigeria (CBN) has warned operators against paying recipients of diaspora remittances in local currency. It warned that violators could lose their operational licences if they failed…
- 24 Jun 2016
Oracle Expects Q1 FY17 SaaS & PaaS Revenues Up to 80%
Oracle Corporation has announced fiscal 2016 Q4 results. Total Q4 Revenues were $10.6 billion, down 1% in U.S. dollars and flat in constant currency. Cloud plus On-Premise Software Revenues were $8.4…
- 22 Jun 2015
Oracle’s Revenue, Others Hit Hard by Inconsistent Forex Market
From technology giant, Oracle Corporations, to pharmaceutical companies like Abbott Laboratories to manufacturers like Caterpillar and fast-food chain McDonald's, a strong U.S. dollar against local…
- 16 Oct 2019
CBN Prints N177Bn New Naira Notes, Destroys N1.8Trillion Others
Central Bank of Nigeria (CBN) has said a sum of N176.9bn was spent to print banknotes between 2015 and 2018. This came as the apex bank also said that it destroyed unfit Naira currency notes…
- 15 Mar 2024
CBN Bars Banks from Profiting From Forex Revaluation
Central Bank of Nigeria (CBN) has re-emphasised that banks are barred from paying dividends to shareholders or spend on operating expenses from foreign currency revaluation gains but are expected to…
- 18 Feb 2013
Minna Banks Get N57Bn Deposits in 2012
Alhaji Mohammed Kabir Dangusau, chairman, Minna Bankers Clearing House Committee in Niger State,has said that Currency Operations in the Minna Clearing Zone in 2012 indicated that N56.71billion was…
- 11 Jun 2024
Emefiele Printed ‘Own Naira’, Ignored Buhari’s Approved Design– Umar
Ahmed Umar, former director of Currency Operations, Central Bank of Nigeria (CBN), has said that Godwin Emefiele, the embattled immediate past governor of the apex printed his own design of the…
- 8 Dec 2013
Bitcoin in Africa
Bitcoin is one of the world’s first currency’s to operate without any central authority or banks. Instead, it cuts out the middle man and transactions are carried out peer-to-peer resulting in a much…
- 26 Mar 2026
Expedier Launches Platform to Ease Cross-Border Payments for African Firms
Expedier has unveiled "Expedier for Business," an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies. Kingsley Madu…
- 25 Apr 2024
MTN and its FY2023 Financial Results Abracadabra
By Abdullahi Taminu Bida MTN Nigeria Communications Plc (MTN Nigeria), the leading telecommunication service provider in the country, on Thursday, 29 February, 2024, submitted its full-year audited…
- 13 Sept 2017
Five 'Must' Know Before Putting Your Money in Bitcoin
Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central…
- 17 Dec 2015
Oracle Records Cloud SaaS, PaaS Revenue Growth
Oracle Corporation on Thursday announced its fiscal 2016 Q2 results. Oracle said in the report that the strengthening of the U.S. dollar compared to foreign currencies had a significant impact on…
- 17 Dec 2020
Interswitch Partners Credit Bank on Multi-currency Prepaid Card
Interswitch Group, a digital payment company has collaborated with Kenya’s Credit Bank Plc to launch a multi-currency prepaid card for its African operations, which include Nigeria. The card is aimed…
- 16 Mar 2016
Oracle Cloud SaaS, Paas Revenues Up
Oracle Corporation on Wednesday announced fiscal 2016 Q3 results. The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter. Total…
- 18 Jan 2017
CBN Bars Banks from Bitcoins, Other Virtual Currencies
Central Bank of Nigeria (CBN), yesterday, banned banks from any transactions in virtual currencies, saying that the move was necessitated by money laundering and terrorism financing risks inherent in…
- 1 Feb 2026
NSCDC Hands over Fake Crypto Currency Trader to EFCC
Economic and Financial Crimes Commission (EFCC), at the weekend received Bamu Gift Wandji, a suspected operator of Polyfarm, a fake crypto-currency investment platform. The suspect, Bamu Gift Wandji,…
- 7 Oct 2024
Moody Says MTN, LIT Exposed to Currency Volatility, Inflation Risks in Nigeria, Others
MTN and Liquid Intelligent Technologies (LIT) are exposed to inflation and currency depreciation in their South Africa, Zimbabwe and Nigerian markets, said Moody’s Ratings, adding though that…
- 31 Jul 2022
Nigeria Contributes 18.3% to Double-digit Revenue Growth in Airtel Africa Q1 Results
Airtel Nigeria total revenues for mobile services and mobile money combined grew by 18.3 per cent in Airtel Africa PLC released financial statement for its Q1 period ended June 30, 2022. Key…
- 26 Apr 2010
CBN Decries Under-Funding, Inefficiency of Cash Handing Services
The Central Bank of Nigeria (CBN) has berated some cash handling services companies for being underfunded, inefficient and uncoordinated in the provision of cash-in-transit and currency sorting…
- 8 Nov 2021
CBN Destroys N698.4m Worth of Unfit Banknotes
Central Bank of Nigeria (CBN) has stated that it disposed of N698,480.00 million worth of unfit banknotes in 2020. This was disclosed in the recently released Annual Report 2020 as compiled by the…
- 19 Jan 2023
Reject Old Naira Notes From Banks - CBN Tells Nigerians
Central Bank of Nigeria (CBN) has directed customers to start rejecting old naira notes from banks, insisting that the old notes ceased to be legal tender by the January 31 as earlier stipulated,…
- 2 Jul 2014
BDC Operators Meet National Assembly, CBN over Capital Base
Operators of the Bureau de Change yesterday met with the Committees on Finance of both chambers of the National Assembly to seek the intervention of the federal lawmakers on the recent N35m imposed…
- 2 Jul 2024
CBN to sanction banks rejecting old and small Dollar denominations
Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued by the Ag.…
- 23 Jan 2019
CBN Orders Banks to Pay Customers with Clean Naira Notes
Central Bank of Nigeria (CBN) has issued banknotes fitness guidelines to commercial and microfinance banks to sustain public confidence in the nation’s currency. According to the apex bank,…
- 21 Feb 2012
Lemo for AITEC Banking & Mobile Money Conference
Tunde Lemo, deputy governor, Central Bank of Nigeria (CBN) is to share his insights and experiences of the CBN in the debate on banking regulation at this year’s AITEC Banking & Mobile…
- 1 Mar 2024
Breaking....MTN Recommits to Nigeria after Plunging Naira Deals Heavy Blow on Profit
MTN Nigeria Plc has reported a N177.8 billion pre-tax loss in its 2023 financial statement. Karl Toriola, chief executive officer, MTN Nigeria The loss compared to a N518.8 billion pre-tax profit it…
- 13 Mar 2025
CBN Enlists Law Enforcement Agents to Fight Commoditization of Naria
Central Bank of Nigeria (CBN) has raised alarm over the commoditization of Naria in commercial cities in the country and enlisted security and law enforcement agents to tackle the menace. CBN pointed…
- 24 Jan 2025
9mobile Pledges to Boost Service Quality, Customer Experience
Telecommunications provider, 9mobile, has applauded the Federal Government and the Nigerian Communications Commission (NCC) for approving a 50% tariff adjustment—a vital initiative aimed at…
- 4 Dec 2024
CBN Directs Banks to Take Measures to End Cash Scarcity
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to ensure efficient cash disbursement to the general public over-the-counter and through Automated Teller Machines (ATMs).…
- 28 Dec 2020
ABCON Seeks to Become Payment Agents for Diaspora Remittances
The Association of Bureaux De Change Operators of Nigeria (ABCON) has appealed to the Central Bank of Nigeria (CBN) to make Bureaux De Change (BDCs) payout agents for Diaspora remittances. Alhaji…