The Central Bank of Nigeria (CBN) has announced new regulations for processing Point of Sale (PoS) transactions across the country, directing all acquirers to route their...
Central Bank of Nigeria (CBN) has issued a new directive mandating that all Point-of-Sale (PoS) transactions at merchant and agent locations, whether physical or electronic, must...
Central Bank of Nigeria (CBN) has approved the sale of dollars to bureau de change (BDC) operators at a rate of N1,580 per dollar. In a...
Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). This decision,...
Nigerians borrowed a total of N4.82 trillion from banks between January and March this year, according to the First Quarter 2024 Economic Report published by the...
Securities and Exchange Commission (SEC) will grant licenses to virtual assets service providers such as cryptos this month, in a calculated move to capitalize on the...
Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer concerns, Union Bank of Nigeria has reported...
Bank Directors Association of Nigeria (BDAN) has urged the federal government to reconsider the recently imposed 70 percent windfall tax on profits from foreign exchange transactions...
Dr Nneka Onyeali-Ikpe, managing director/chief executive officer, Fidelity Bank Plc, has said that the bank was able to meet and surpass its target from the just...
By Lukman Otunuga is Senior Financial Market Analyst with FXTM Some semblances of stability have returned to global markets after US recession fears created shockwaves last...
