Central Bank of Nigeria (CBN) has introduced a N100 million penalty for banks and other authorised dealers that process foreign exchange transactions without adequate...
As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in Abuja, industry leaders are...
U.S. President Donald Trump has announced that American forces carried out a military strike that killed Héctor Rusthenford Guerrero Flores, widely known as “Niño...
Retired Major-General Abubakar Rabe, who was abducted along a road in Katsina State two weeks ago, has reportedly died while in captivity. According to...
Central Bank of Nigeria (CBN) has announced that it has stopped granting loans to the federal government. Speaking at an interactive session with the...
CBN Governor Yemi Cardoso appearing before the Joint Senate Committee on Finance, Banking, Insurance and Financial Institutions on Friday, February 9 said the measures...
Nigerian banks have started the implementation of CBN’s new requirements for international money transfer operation Based on the new rule, commercial banks are now...
Central Bank of Nigeria (CBN) has ordered the regulated entities to engage and give customers notices of outstanding obligations prior to the commencement of...
Electronic payment transactions in Nigeria rose to N600 trillion in 2023, representing a 55 per cent increase over the N387 trillion recorded in 2022....
Federal Government has expressed worry over the rising prices of food and commodities in the country. The Minister of Finance and Coordinating Minister of...
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria....
Mastercard, financial services firm has concluded the acquisition of a minority stake in mobile operator MTN Group’s fintech business. In a statement, MTN says...
Central Bank Governor, Olayemi Cardoso, has stated that the apex bank’s planned relocation of departments and personnel to other branches is a response to...
Central Bank of Nigeria (CBN) uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency...