PZ Cussons Warns of Potential Revenue Losses Due to Currency Volatility
PZ Cussons, the company behind Carex soap and Imperial Leather, has cautioned that the volatility of the Nigerian currency may ...
Tag: CBN
Subsidy Removal: $800m Loan was Granted in 2021, says World Bank
In a recent event assessing Nigeria's economy over the past six months, the World Bank clarified that the approved $800 ...
Data Harmonization: CBN Doesn’t Need to Collect Social Media Handles
In a move that has raised concerns among Nigerians, the Central Bank of Nigeria (CBN) recently mandated commercial banks to ...
Tinubu in Paris: “Financial System Under Emefiele was Rotten”
President Bola Tinubu has expressed his concerns about the state of Nigeria's financial system under the leadership of the suspended ...
CBN Mandates Banks to Obtain Customers’ Social Media Details
The Central Bank of Nigeria (CBN) has issued new regulations requiring commercial banks to collect additional customer information, including social ...
Enhancing Cross-Border Payments in Africa
Cross-border payments in Africa have long been plagued by challenges such as currency incompatibility, limited interoperability, and high costs. In ...
Fighting E-Fraud will Boost Consumer Confidence in Digital Economy, says Begho
Nkemdilim Uwaje Begho, Managing Director/CEO of Future Software Resources, has underscored the pivotal significance of countering e-fraud on telecom platforms ...
Building Resilience in FinTech Business (Part Two): Risk Management and Compliance
By: Fintech Association of Nigeria The ever-changing regulatory climate necessitates the need for prudent risk management and compliance, particularly within ...
FX Unification Will Open the Door of Opportunity for Nigeria
OP-Ed by: Trevor Goott, Director of Africa and India, Unlimit The Central Bank of Nigeria's ("CBN") announcement of "operational adjustments ...
CBN’s New Guidelines: FX for Medical, School Fees, BTA
The Central Bank of Nigeria (CBN) issued additional guidelines for individuals seeking foreign exchange for medical expenses, school fees, and ...
CBN Removes Restriction on Cash Deposits into Domiciliary Accounts
The Central Bank of Nigeria (CBN) has stated that customers will now have unrestricted access to funds in their accounts. ...
Heritage Bank Denies Allegations of Funds Diversion by Staff
According to a statement released on Friday by Heritage Bank, the reports indicating that one of its staff members diverted ...
[JUST IN] CBN Floats Exchange Rate: What are the Implications?
The Nigerian Naira has recently undergone a significant devaluation, with the currency trading at N750-N755 per dollar at the investors ...
Nigeria Yet to Remove Fuel Subsidy, Says Bismarck Rewane
Bismarck Rewane, a prominent Nigerian economist and member of the Nigerian Economic Advisory Council, has shed light on the status ...
Emefiele was Suspended over $1bn Transaction Linked to Aliko Dangote – Report
The suspension of Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele is reportedly linked to a significant scandal ...