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All posts tagged "CBN"

  • BREAKING: CBN Issues New Directive, Imposes 0.5% Cybersecurity Levy On Nigerians BREAKING: CBN Issues New Directive, Imposes 0.5% Cybersecurity Levy On Nigerians BREAKING: CBN Issues New Directive, Imposes 0.5% Cybersecurity Levy On Nigerians
    Business1 year ago

    BREAKING: CBN Issues New Directive, Imposes 0.5% Cybersecurity Levy On Nigerians

    The Central Bank of Nigeria has directed banks to implement a 0.5% cybersecurity levy on transactions.

  • BREAKING: CBN Directs OPay, Palmpay, Kuda Bank And Moniepoint To Stop Onboarding New Customers BREAKING: CBN Directs OPay, Palmpay, Kuda Bank And Moniepoint To Stop Onboarding New Customers BREAKING: CBN Directs OPay, Palmpay, Kuda Bank And Moniepoint To Stop Onboarding New Customers
    Business1 year ago

    BREAKING: CBN Directs OPay, Palmpay, Kuda Bank And Moniepoint To Stop Onboarding New Customers

    The Central Bank of Nigeria, CBN directs OPay, Palmpay, Kuda Bank And Moniepointhas to cease onboarding new customers amidst allegations of involvement in illicit forex transactions.

  • CBN's Fresh Dollar Sales To BDCs Crashes Naira To N1,250/$1 CBN's Fresh Dollar Sales To BDCs Crashes Naira To N1,250/$1 CBN's Fresh Dollar Sales To BDCs Crashes Naira To N1,250/$1
    Business1 year ago

    CBN’s Fresh Dollar Sales To BDCs Crashes Naira To N1,250/$1

    The Central Bank of Nigeria's recent decision to sell US dollars to Bureau De Change (BDC) operators at a discounted rate of N1,021 per dollar has...

  • Foreign Currencies as Collateral Foreign Currencies as Collateral Foreign Currencies as Collateral
    Business1 year ago

    BREAKING: CBN Bans Use Of Foreign Currencies as Collateral for Naira Loans

    The Central Bank of Nigeria has banned the use of foreign currencies as collateral for naira loans, aiming to safeguard the banking system against currency fluctuations.

  • new national id card new national id card new national id card
    News1 year ago

    FG Unveils New National ID Card With Integrated Payment Features

    New National ID Card: The Federal Government introduces an enhanced ID card with integrated payment functionalities in collaboration with NIMC, CBN, and NIBSS...

  • minimum capital base minimum capital base minimum capital base
    Business1 year ago

    BREAKING: CBN Sets Minimum Capital Base For Banks At N500bn

    CBN is pegging the minimum capital base for commercial banks with international authorization at 500 billion naira ($353.32 million).

  • $2.4 billion forex scam $2.4 billion forex scam $2.4 billion forex scam
    Business1 year ago

    BREAKING: CBN Uncovers $2.4 Billion Forex Scam

    CBN uncovers $2.4 billion forex scam which is under investigation according to the Apex bank boss, Cardoso.

  • CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75 CBN Raises Interest Rate To 24.75
    Business1 year ago

    BREAKING: Again, CBN Raises Interest Rate To 24.75%, Gives Reason

    CBN raises interest rate to 24.75 Percent in effort to tackle rising inflation.

  • CBN Begins Forex Sales CBN Begins Forex Sales CBN Begins Forex Sales
    Business1 year ago

    BREAKING: CBN Begins Forex Sales To BDCs At N1,251/$1

    CBN begins forex sales to BDCs at the exchange rate of N1,269/$1, maintaining a 1.5% spread...

  • CBN Clears All Outstanding FX Backlog CBN Clears All Outstanding FX Backlog CBN Clears All Outstanding FX Backlog
    Business1 year ago

    CBN Clears All Outstanding FX Backlog, As Nigeria’s External Reserves Jump to $34.11bn

    CBN clears all outstanding fx backlog as Nigeria's external reserves rises to $34.11 billion.

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