CBN exempts 16 Items from Cybersecurity Levy…including salary, loans, pension, donations
The Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic transactions. CBN directed banks […]
Banks
CBN expresses commitment to harnessing digital technologies
The Central Bank of Nigeria (CBN) has said it is committed to harnessing the power of digital technologies to enhance financial inclusion. CBN Governor, […]
CBN raises bank’s capital requirement from N25bn to N200b
The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 […]
Don’t allow banks to fail – EFCC Chairman urges NDIC
By JOY ADARA, Abuja – The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has urged the Nigeria Deposit Insurance Corporation (NDIC), […]
NIN-account linkage: Customers besiege banks in Ibadan, say policy unnecessaryc
Many Nigerians are now spending long hours in banks, seeking to link their National Identification Number (NIN) to their bank accounts. The development is sequel […]
Cash scarcity: Nigerians groan as banks, PoS operators trade blame
Some residents of Ibadan have decried the persistent cash scarcity, even as banks and Point of Sales (PoS) operators are trading blames over the […]
CBN warns banks, POS operators against hoarding cash
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point of Sale (PoS) operators to […]
Naira scarcity: PoS operators hike charges by 100 per cent
Operators of Point of Sale (PoS) in Calabar, the Cross River State capital have increased their charges by 100 per cent for all transactions, […]
Banks must prioritise payment of N200bn USSD debt, says ALTON boss
The Association of Telecommunications Operators of Nigeria (ALTON) on Thursday urged banks to prioritise the payment of their Unstructured Supplementary Service Data (USSD) […]
Don’t panic, there’s no scarcity of Naira notes – CBN assures Nigerians
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes […]
Lending to Governments: SGF urges banks to follow FRA rules
The Secretary to the Government of the Federation (SGF), Sen. George Akume has called on banks to follow provisions of the Fiscal Responsibility Act […]
Strike: Bankers, fuel attendants in Lagos working in spite of NLC directive
Workers in some areas of Lagos State were seen going about their businesses in spite of the two-day warning strike to begin Sept. 5, directed […]
Enugu Govt. seals 106 shops, 2 banks over sit-at-home order
The Enugu State Government on Monday sealed 106 shops and two banks for allegedly observing Monday’s sit-at-home order by a faction of the proscribed Indigenous […]
Reps direct CBN to stop social media handles requirement from bank customers
The House of Representatives has directed the Central Bank of Nigeria (CBN) to stop its directive on addition of social media handles as part of […]
NDPC investigates banks, varsity, others over alleged data breach
The Nigeria Data Protection Commission (NDPC) says it is investigating three banks, a university and other suspects over alleged data breach. The commission listed Zenith, Fidelity, […]
Let’s fight corruption together – EFCC tasks banks compliance officers
By LEKAN AGBOOLA, Ilorin – The Economic and Financial Crimes Commission (EFCC), has identified the role of banks compliance officers as key to the fight […]
Naira crisis: Queues gradually disappear as bank ATMs dispense cash
Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into […]
CBN confirms evacuation of banknotes to commercial banks
By EZEKIEL OBI, Abuja – The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the […]
CBN Naira directives: Lagos residents conform as banks struggle
Lagos State residents on Tuesday began to accept the old N200, N500 and N1,000 banknotes for transactions, following a validation from the Central Bank of […]
Naira swap: CBN urged to address cash crunch to avoid total collapse of economy
Some traders in Sango-Ota, Ogun, on Monday, appealed to the Central Bank of Nigeria (CBN) to make concerted efforts to address the lingering cash crunch […]