Central Bank of Nigeria (CBN) will commence nationwide implementation of its cashless policy mandating Nigerians to pay fees on withdrawals and deposits above N500,000 on April...
The Senate has begun probe into the rationale behind the huge difference in deposit and lending interest rates among commercial banks and other financial institutions. The...
Konga, eCommerce giant, has revealed that the business will hit the $10 million daily turnover mark by 2024. To realise the target, Konga has disclosed that...
Banks cannot terminate the employment of more than five staff without a prior notice to the Central Bank of Nigeria (CBN), a communique released by the...
Central Bank of Nigeria (CBN) has so far recovered over N60 billion from erring banks as excessive charges imposed on customers, according to Mr. Isaac Okoroafor,...
The Central Bank of Nigeria, CBN, has increased the Cash Reserves Ratio, CRR, of banks from 22.5 per cent to 27.5 per cent. The alteration was...
The worsening risk outlook for Nigeria’s banks may further restrict the limited investment options open to the country’s pension industry and hamper its growth, according to...
President Muhammadu Buhari, has nominated Dr Kingsley Obiora as deputy governor of the Central Bank of Nigeria (CBN), according to a State House statement on Thursday....
The closed period earlier declared by the board of Access Bank Plc has now been suspended, the tier-one financial institution announced on Wednesday. . A closed...
Federal Competition and Consumer Protection Commission (FCCPC) has stopped the additional N50 charge being imposed on transactions conducted on Point of Sale (POS) machines. This was...
