Tag: Central Bank of Nigeria (CBN)
CBN announces stricter regulations for dormant accounts, unclaimed funds
These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in a circular signed by…
CBN governor issued 7 days to account for missing N100bn dirty notes
“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that…
Why we revoked licence of Heritage Bank- CBN
The Board and Management of Heritage bank have not been able to improve the bank’s financial performance, a situation which…
SERAP, BudgIT, 136 Nigerians take CBN to court over cybersecurity levy on Nigerians
“As of 30 April 2024, commercial banks in Nigeria already charge exorbitant fees for electronic transactions, including Electronic Transfer Charges…
CBN extends processing fees on cash deposits to Sept. 30
The cybersecurity levy will now be added to the already existing bank charges like transfer fees, stamp duty, charges on…
CCCAI demands reversal of cybersecurity levy
The not-for-profit committed to consumer protection, said it's appalled by the apparent insensitivity of the government and the CBN to…
See all the transactions exempted from cybersecurity levy by CBN
However, some items were exempted from the 0.5 per cent Cybersecurity levy on all electronic transactions by the CBN. The…
CBN increases minimum capital base for commercial banks to ₦500bn
Cardoso, who assumed office two months earlier, had said commercial banks in the country would be directed to increase their…
Stakeholders raise concern as Nigeria’s inflation rate rises to 31.70%
“Cost of living has become increasingly unbearable, crime has taken over the entire country, and investors are afraid to venture…
Experts project further rates tightening as CBN holds first MPC under Cardoso
“There will be an effect of that because interest rates will increase, people will save more and consume less, and…
CBN, ONSA, EFCC, NFIU, NCS join forces in battle against forex speculators
NSA said the primary objective of this alliance is to systematically identify, thoroughly investigate and appropriately penalise individuals and organisations…
I don’t hate Yoruba, my daughters married them – Ndume
Ndume claimed he cannot harbour hatred for the Yoruba nation because two of his daughters are married to men from…
CBN relaxes restrictions on fx rates quoted by IMTOs
The CBN had earlier directed Deposit Money Banks (DMBs) to sell their excess dollar stock in a bid to stabilise…
CBN: Backlog of foreign exchange owed foreign airlines cleared
CBN said this on Tuesday while announcing payment of an additional 64.44 million dollars to the foreign airlines
CBN assures depositors of safety of funds in Titan Trust, Keystone banks
The apex bank gave the assurance following reports about alleged plans by the Federal Government to take over Titan Trust…