From Innovation to Frustration: GTBank’s Core System Upgrade Failing the Customers?
A particularly telling social media comment sums it up: “From being Nigeria’s most tech-savvy bank to worse than microfinance institutions—GTBank ...
Tag: CBN
CBN sets New $100,000 minimum Trade Cap for Banks
The Central Bank of Nigeria (CBN) has issued fresh guidelines for interbank foreign exchange trading via the Electronic Foreign Exchange ...
CBN Raises Interest Rate to 27.5% to Tackle Inflation, Stabilise Economy
…could impact borrowers, leading to an uptick in loan defaults and non-performing loans for banks
₦200 for ₦5,000 – How PoS Charges Are Changing Everyday Transactions in Nigeria
However, the high fees charged by some agents are projecting unfairness
Regular Stress Test Good for Banking Sector – CBN
The Central Bank of Nigeria (CBN), said that “Regular stress testing is conducted to identify potential vulnerabilities, helping to ensure ...
CBN to Implement Electronic Foreign Exchange Matching System from December 1st, 2024
The Central Bank of Nigeria (CBN) has announced that it will start using electronic foreign exchange matching systems for foreign ...
Naira Experiences 6.13% Depreciation at I&E Window
The Nigerian naira further depreciated against the US dollar, closing at N1,658.48 in the official Investor and Exporter (I&E) window. ...
External Reserves Hit $37.31 Billion, Marking a 22-Month High — CBN
Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the country’s economy.
Reasons Behind CBN’s Withdrawal of the Policy Document
The Central Bank of Nigeria, CBN, has withdrawn the Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years ...
Why CBN Pegs BDC Forex Sales at $5,000
In its bids to regulate cash sales in the foreign exchange market and to ensure stability and compliance, the Central ...
CBN Takes Firm Stand, Gives Chairmen with Unpublished Accounts 12-Month Deadline
The Central Bank of Nigeria (CBN) has issued a directive in its Monetary, Credit, Foreign Trade and Exchange Policy Guidelines ...
CBN Expands eNaira Features, Maintains 5% Cap on Government Short-Term Funding
The CBN’s strategy includes the forthcoming release of eNaira version 2.0
Nigeria’s Inflation Rate Drops to 32.15%
Nigeria’s inflation rate has dropped for the second consecutive month, falling to 32.15% in August 2024, as food prices eased ...
CBN, Stakeholders Push for Stronger Financial Inclusion of People with Disabilities
This call was made during a one-day workshop organized by the Consumer Advocacy and Empowerment Foundation
CBN Approved Sale of US$20,000 To Eligible BDC
The Central Bank of Nigeria (CBN), has approved the sale of US$20,000 to eligible Bureau De Change Operators in Nigeria. ...