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...
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...
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...
In a world increasingly reliant on digital solutions, financial security stands paramount. Recognizing this critical need, OPay, Nigeria’s leading mobile money platform, which was recently applauded...
The number of bank customers that have registered for the Bank Verification Number (BVN) in the last two weeks was 291,232, bringing the total number to...
OPay, leading the charge in mobile-based payments, has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification...
Mr Idakolo Gbolade, chief executive officer, SD and D, Capital Management, has said that for the banking sector to be resilient and able to effectively fund...
Central Bank of Nigeria (CBN) may ask commercial banks with international banking licence to raise their capital base to over N900billion according to a report by...
