Tag: CBN

The decision, which is the first hold in three years, was announced by the Governor of the CBN, Yemi Cardoso, ...

With 311.6 million active bank accounts in Nigeria, even a single monthly withdrawal per account could generate huge profits

Added to this, if the ATM is located off-site—outside a bank’s premises—users will incur a surcharge of up to ₦500 ...

Central Bank of Nigeria’s quarterly statistical bulletin indicates that the indebtedness of the telecommunication companies (telcos) and the other ICT ...

This payment, which serves as a full and final settlement of pre-API debts, must be agreed upon by January 2, ...

The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 ...

…aims to promote a cashless economy and enhance financial transparency in agency banking operations

Amid liquidity challenges in the financial sector, Nigerian banks borrowed an estimated N9.97 trillion from the Central Bank of Nigeria ...

The government plans to increase revenue from EMTL by expanding its scope to include transactions on financial technology (fintech) platforms

A particularly telling social media comment sums it up: “From being Nigeria’s most tech-savvy bank to worse than microfinance institutions—GTBank ...

The Central Bank of Nigeria (CBN) has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange ...

…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks

However, the high fees charged by some agents are projecting unfairness

The Central Bank of Nigeria (CBN), said that “Regular stress testing is conducted to identify potential vulnerabilities, helping to ensure ...

The Central Bank of Nigeria (CBN) has announced that it will start using electronic foreign exchange matching systems for foreign ...