Tag: CBN
FULL LIST: CBN releases licensed Deposit Money Banks
categorised by the types of licenses held by each institution The Central Bank of Nigeria (CBN) has published a comprehensive ...
PRP kicks against CBN cyber security levy, insist it will worsen the plight of Nigerians
The PRP demands that the CBN immediately retracts this misguided directive and seeks alternative, more inclusive solutions to safeguard the ...
Full list: 16 banking transactions exempted from new CBN’s cybersecurity levy
According to the circular, the cybersecurity charge would take effect two weeks from May 6, 2024. The Central Bank of ...
CBN orders banks to deduct ‘Cybersecurity Levy’ on all electronic transfers
Experts and financial analysts have also said the new levy could upend the drive for financial inclusion and cashless policy. ...
OPay Threatens Account Closure for Crypto Trading
OPay issues stern warning, prohibiting cryptocurrency trading via its app, in compliance with CBN directive, threatening account termination Any account ...
Banks Resume Charges on Large Deposits as CBN Deadline Expires
Banks resume levying charges on large deposits following CBN's suspension conclusion CBN initially suspended processing fees to alleviate liquidity challenges; ...
Amid galloping inflation, CBN jacks up Customs FX duty rate for cargo clearance by 14%
However, whatever respite and joy importers felt with the news of the import duty slash were shortlived after the apex ...
Nigeria’s galloping inflation impediment to economic growth – CBN
He disclosed that the bank prioritised combating inflation over tackling rising unemployment rates The Central Bank of Nigeria says it's ...
CBN Sells Dollars To BDCs At N1,021/$
CBN issues circulars to BDCs for direct sale of US dollars at a discounted rate of N1,021 per dollar BDCs ...
We’re not depleting external reserve to defend, stabilise naira – CBN gov, Cardoso
Many have attributed this decline to the aggressive push by the CBN to stabilise the naira amid dwindling economic fortunes ...
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