In a bid to recover outstanding loans amounting to N450.9 billion issued to farmers through the Central Bank of Nigeria (CBN) Anchor Borrowers’ Programme (ABP), the...
In a recent report by Bloomberg, Nigeria’s currency, the naira, has shockingly emerged as the worst performing currency globally in the past month. This downturn follows...
The Nigerian Naira witnessed a further decline in both the parallel and official markets amidst renewed speculation and hoarding. This decline coincided with a withdrawal of...
In a move towards transparency and regulatory oversight, the Central Bank of Nigeria (CBN) has unveiled a detailed roster of licensed Deposit Money Banks (DMBs)...
Hold onto your hats, folks, because the Naira is on a wild ride! Yesterday, our beloved currency took a dip, landing at N1,415 per dollar in...
The Central Bank of Nigeria (CBN) has issued a directive to banks, instructing them to suspend charges on cash deposits until September 30, 2024. This announcement...
The Central Bank of Nigeria has mandated banks in the country to impose a cybersecurity levy on electronic transactions. The implementation of this levy, as per...
In a recent directive issued by the Central Bank of Nigeria (CBN), all banks are mandated to implement a 0.5 per cent cybersecurity levy on electronic...
The Central Bank of Nigeria (CBN) has issued a directive for a 0.005 percent Cybersecurity Levy to be deducted from electronic transfers, effective within the next...
The Nigerian Naira has once again begun to depreciate following a period of slight strengthening, prompting stakeholders to advocate for organic policies to bolster the currency’s...