Tag: Central Bank of Nigeria (CBN)

This call was made at the Mandatory Compliance and Anti-Money Laundering (AML) Training Workshop held in Lagos on 28 February ...

…How Nigerian Banks Are Struggling to Keep Up

One advantage of the new ID card is its potential to drive financial inclusion

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

The South African pay-TV operator disclosed this loss in its financial results for the six months ending September 30, 2024

High-cost borrowing often forces people to take new loans to pay off existing debts, creating a vicious debt cycle, particularly ...

…Targeting Key Sectors for Economic Growth in Nigeria

The Monetary Policy Rate (MPR) was increased by 50 basis points

The CBN’s strategy includes the forthcoming release of eNaira version 2.0

…require compliance by 11 October 2024

responds to a mandate from CBN, which requires banks to increase their capital to support Nigeria’s $1 trillion economy

While the hiked interest rate aims to curb inflation, excessive increase can hinder economic growth

The National ID card is backed by the NIMC Act No. 23 of 2007, which mandates NIMC to enrol and ...

The Central Bank of Nigeria (CBN) says there are no plans to convert $30 billion deposits in domiciliary accounts to ...

The goal is to enhance the financial lifestyle of Nigerians and encourage seamless conduct of business via digital platforms