House of Representatives yesterday mandated its Committee on Banking Regulation to investigate the use of the United States dollar and other foreign currencies as legal tender...
Central Bank of Nigeria (CBN) last week debited commercial banks over N700 billion (as surveyed), speculatively based on Lending Deposit Rate (LDR) guidelines, which depleted liquidity....
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and...
Gbenga Adebayo, chairman, Association of Licenced Telecommunications Operators of Nigeria (ALTON), has said that the umbrella body for telecoms operators in Nigeria is yet to agree...
MTN Nigeria, leading telecommunications firm has recorded a 29.1 per cent decline in its net profit for the first half of 2023, largely due to the...
Central Bank of Nigeria (CBN) has exempted Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from the cash withdrawal limit policy compliance. In a circular to...
Central Bank of Nigeria (CBN), on Tuesday, raised the Monetary Policy Rate (MPR) or interest rate from 18.5 percent to 18.75 percent. Folashodun Shonubi, acting CBN...
Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE), on Monday signed a Memorandum of Understanding (MOU) to establish a Nigeria-Egypt FinTech Bridge....
Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to commence remittances pay-out in both Naira and foreign exchange to beneficiaries, according to...
Central Bank of Nigeria (CBN) has announced that cash deposits into domiciliary accounts will no longer be restricted. The statement by the apex bank came after...