Naira, the Nigerian currency has hit a new low exchanging for N540 against the dollar, at the parallel market on Thursday. This is barely a week...
The Central Bank of Nigeria (CBN) has instructed banks and Payment Service Providers (PSBs) to separate all transactions that would normally categorised as bulk payment upon...
Kicking off its partnership with the Nigerian Football Federation (NFF), MTN Nigeria Executives led by the Chief Executive Officer, Karl Toriola showed up at the Teslim...
Management of the Central Bank of Nigeria (CBN) has confirmed the appointment of Mr. Osita Nwanisobi as the director, Corporate Communications Department, with effect from August...
Central Bank of Nigeria (CBN) has mandated banks to publish the names of customers trying to obtain foreign exchange under false pretences. The commercial banks have...
Central Bank of Nigeria (CBN), has directed all commercial banks to publish on their websites, names and Bank Verification Numbers (BVNs) of customers found to have...
Central Bank of Nigeria (CBN) has set an initial transaction limit of N50,000 for non-account preparatory to the take-off of its digital currency set for October...
Central Bank of Nigeria (CBN) has threatened to institute criminal prosecution against any defaulter of the new foreign exchange policy. The threat is contained in a...
Central Bank of Nigeria (CBN) has banned microfinance banks operating in the country from carrying out foreign exchange transactions. In a circular titled Cessation of Non-Permissible...
NIRSAL Microfinance Bank (NMFB) has denied claims that its staff had extorted applicants and promised to grant them approvals for their loan requests. In a statement,...