The Central Bank of Nigeria (CBN) has reiterated its commitment to promoting youth empowerment for the economic transformation of the nation. The apex bank also pledged to advance sustainable development through financial inclusion, stressing that […]
The Nigerian Communications Commission (NCC) has authorized the disconnection of Unstructured Supplementary Service Data (USSD) codes for nine financial institutions. This is due to their failure to pay their USSD backlog debts. The authorization was […]
The Federal Government has appreciated Nigerians for their endurance in the present economic situation occasioned by the various economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on […]
Following the refusal of Governor Siminalayi Fubara to represent the 2024 budget to the state House of Assembly, a Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to stop the […]
The onboarding restrictions of new customers placed on Opay, Palmpay, Kuda, Paga and Moniepoint has been lifted by the Central Bank of Nigeria (CBN). Opay, which disclosed the information on its official X handle, said […]
Following the revocation of banking license of Heritage Bank by the Central Bank of Nigeria, CBN, its customers have been assured of repayment within one week. The Managing Director of the Nigerian Deposit Insurance Corporation, […]
Following the directive from President Bola Tinubu, the Central Bank of Nigeria (CBN) has withdrawn its earlier circular enforcing the enforcement of the national cybersecurity levy. The CBN on May 6, 2024, issued a circular […]
The Nigeria Labour Congress (NLC) has kicked against the Central Bank of Nigeria (CBN)’s planned cybersecurity levy. The labour union described the levy as another burden on Nigerians. According to a circular issued to various […]
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for naira loans. This directive contained in a circular by the Acting Director of the Banking Supervision Department, Adetona […]
The Central Bank of Nigeria (CBN) has asked the Nigerian Customs Service (NCS) to adopt the same forex rate from the importation of goods to its clearance in the country. The directive was contained in […]
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