Central Bank of Nigeria (CBN) has announced a fine of N150 million on Deposit Money Banks (DMBs) found guilty of illegally distributing mint naira notes to...
House of Representatives on Tuesday passed into second reading, a bill seeking to protect victims of fraudulent withdrawal from bank accounts. They overwhelmingly supported the proposed...
Central Bank of Nigeria (CBN) has prohibited banks and financial technology companies (fintechs) from offering international money transfer services. This development is outlined in the revised...
Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. The apex bank, in...
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act (BOIFA ) 2020. Garba Shehu, presidential spokesman, made the announcement in a statement...
By Jackson Ugbechie Central Bank of Nigeria (CBN), under the leadership of Mr. Godwin Emefiele, has come under attack recently. Reason? The CBN applied and obtained...