Central Bank of Nigeria (CBN) has warned that it will impose severe penalties on banks failing to address the ongoing cash scarcity at automated teller machines...
Central Bank of Nigeria (CBN) has said penalties totaling N15 billion were imposed on 29 banks for violations of Anti-Money Laundering (AML) and Counter-Terrorism Financing...
Nigerian Communications Commission (NCC) is in talks with the Central Bank of Nigeria (CBN) over the Unstructured Supplementary Service Data (USSD) debt totalling N250 billion between...
Central Bank of Nigeria (CBN) has advised bank customers to be cautious about the use of fake SWIFT messages during foreign exchange (FX) remittances. SWIFT...
Central Bank of Nigeria (CBN) has threatened to penalise banks disbursing cash to naira hawkers. The apex has also directed banks to prioritise cash disbursement through...
Central Bank of Nigeria (CBN) has announced stringent penalties against Deposit Money Banks (DMBs) found diverting cash to hawkers, as part of its ongoing efforts to...
United Bank for Africa (UBA) Plc, Africa’s Global Bank will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at...
Nigerian federal government spent a total of $3.57 billion servicing the country’s foreign debt in the first nine months of 2024, a sharp increase of 39.7%...
Multichoice Group, South African Pay-TV operator, has announced that it has written off N31.6 billion ($21 million) in cash that was held with the recently liquidated...
The Central Bank of Nigeria has launched three initiatives aimed at realizing Nigeria’s vision of a $1 trillion economy by 2030 through financial inclusion. The initiatives...
