Central Bank of Nigeria says it has received reports of deposit money banks and Point-of-Sale operators colluding to continue to make cash scarce. The apex bank...
Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59 billion as of September 30, 2023....
The Basel Committee on Banking Supervision has published a consultative document to propose targeted adjustments to its standard on banks’ exposures to cryptoassets. According to a...
United Bank for Africa(UBA) has received a $175 million financial package from Africa Development Bank (AfDB) Group, towards enhancing its support to the private sector and...
Nigeria Deposit Insurance Corporation (NDIC) has paid N1.7 billion to over 42,000 customers of failed banks, according to Bello Hassan, managing director/CEO of the corporation. Hassan...
Federal Inland Revenue Service (FIRS) has directed deposit money banks to deduct and remit Electronic Money Transfer Levy (EMTL) on foreign currency (FCY) transactions going forward....
As the holiday shopping frenzy reaches a crescendo ahead of December 25th, many shoppers will struggle to find retail outlets that offer “the best shopping experience,”...
United States (US) Securities and Exchange Commission (SEC) on Monday filed charges against Dozy Mmobuosi, Nigerian businessman, and three companies of which he is CEO, alleging...
Recent reports have surfaced, revealing Nigerian banking customers’ staggering loss of N51 billion in savings due to fraudulent activities, according to Leadership findings The findings also...
Financial Stability Oversight Council (FSOC), United States regulators have identified the use of artificial intelligence as vulnerability in the financial system for the first time, according...