Central Bank of Nigeria (CBN), has issued a 50-cent Cash Reserve Requirement levy on the lending shortfall that will be enforced for banks that do not...
Central Bank of Nigeria (CBN) has said that it has no plans to convert domiciliary account holdings valued at 30 billion dollars into Naira. Mrs Hakama...
Central Bank of Nigeria (CBN) on Friday announced the discontinuing of daily Cash Reserve Requirements (CRR) debits and introducing a revised mechanism. This was announced in...
United Bank for Africa (UBA) Plc , Africa’s Global Bank, has announced the appointments of Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new...
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...
In today’s world of e-commerce, the right financial tool can gravitate from the more technical accounting software and payroll management tool to the less complicated but...
Financial industry experts are warming up for the first edition of Payments Forum Nigeria (PAFON), scheduled for the first quarter of this year. The Payments Forum...
Central Bank of Nigeria (CBN) on Wednesday, Jan. 31, imposed limits on how much banks can hold in foreign currencies. The apex bank expressed concern about...
The International Monetary Fund, IMF has downgraded its forecast for Nigeria’s 2024 economic growth to 3.0 per cent. This represents one percentage point below the growth...
The National Insurance Commission has given the nod to Crown Takaful Insurance Limited to commence business. A statement from the insurance company said Crown Takaful Insurance...