Bank customers will now pay charges for failed direct debit transactions, according to the latest new guide released by the Central Bank of Nigeria (CBN). Direct...
Central Bank of Nigeria (CBN) has given conditions to allow the opening of Forms ‘M’ by companies whose forex payments are routed through a buying company,...
Mr. Lukman Otunuga, senior research analyst at FXTM Global, has warned that free float of the naira will hurt consumers at this time. This is coming...
Central Bank of Nigeria (CBN), has effectively obstructed about N622 billion interest earnings that would have accrued to banks and other individual and corporate investors in...
Federal government is once again proposing the unpopular Unclaimed Dividend Trust amendment to the Companies & Allied Matters Act (CAMA), where unutilised bank balance and unclaimed...
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act (BOIFA ) 2020. Garba Shehu, presidential spokesman, made the announcement in a statement...
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, has revealed that electronic transaction volumes increased by about 67 per cent during the COVID-19...
Central Bank of Nigeria (CBN) has warned banks participating in the Private-Sector-led Accelerated Agriculture Development Scheme (P-AADS ) against diverting the intervention funds meant for agro-processors...
Banks in Nigeria will drop below minimum capital buffers required by regulators should the economy shrink further this year, according to stress tests done by the...
By Jackson Ugbechie Central Bank of Nigeria (CBN), under the leadership of Mr. Godwin Emefiele, has come under attack recently. Reason? The CBN applied and obtained...
