Breaking: Nigerians to Pay 0.5% Cybersecurity Fee on Banking Transactions
In a bid to enhance cybersecurity measures, the Central Bank of Nigeria (CBN) has issued a directive to deposit money ...
Tag: Central Bank of Nigeria
N500, 000 BOI and CBN Grant is NOT Real! Bank of Industry Issues Warning Against Grant Scams on Social Media
The Bank of Industry (BoI) has issued a cautionary statement advising the public to be wary of grant application messages ...
Central Bank of Nigeria Unveils New Minimum Capital Requirements for Banks
The Central Bank of Nigeria (CBN) has announced new minimum capital requirements for banks, aimed at strengthening the financial system ...
Central Bank of Nigeria Lifts Cryptocurrency Transaction Ban for Banks, But Restrictions Remain
The Central Bank of Nigeria (CBN) has lifted the embargo previously imposed on cryptocurrency transactions within the country's banking sector. ...
Central Bank of Nigeria to Tackle Inflation, Exchange Rate Challenges in 2024
In a presentation to the National Assembly joint committee on Banking, Insurance, and Financial Institutions, Olayemi Cardoso, the Governor of ...
CBN to Freeze Bank Accounts Without BVN or NIN from April 2024
In a significant move to reinforce financial system stability and enhance Know Your Customer (KYC) protocols, the Central Bank of ...
CBN lifts Ban on 43 Items, Unveils Plans to Provide Solutions to Foreign Exchange Market Pressure
The Central Bank of Nigeria (CBN) is hard at work to find solutions for the ongoing pressure facing Nigeria's currency, ...
Nigerian Banks Boost Private Sector with Record Lending of N54.76 Trillion
In August, deposit money banks in Nigeria achieved an unprecedented lending milestone, reaching a staggering N54.76 trillion. This surge, partly ...
SMEDAN Cautions Business Owners against Fake Loan Offers
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) warns against a fraudulent site falsely advertising loans ranging from ...
Tinubu’s Independence Day Speech Addresses Support for MSMEs amidst other Pivotal Economic Reforms Measures
In the 2023 Independence Day address, President Bola Ahmed Tinubu highlighted the resilience and unity of Nigeria while emphasizing the ...
