CBN directs banks to charge 0.5% cybersecurity levy on transactions
The Central Bank of Nigeria on Monday directed banks to begin charging 0.5% cybersecurity levy on transactions. A circular released…
70 percent of financial crimes in Nigeria connected to banks—EFCC
The Economic and Financial Crimes Commission, EFCC, has revealed that approximately 70 percent of financial crimes in Nigeria are connected…
CBN to possess unclaimed funds in banks, dormant account balances
Abuja—Nigeria’s Central Bank (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a…
Naira redesign: old, new notes are legal tender—CBN reveals
Abuja—The Central Bank of Nigeria (CBN) said that both old and new notes are now legal tender. Daily Post reports…
CBN debunks plan to shut down financial transactions over elections
Abuja—The Central Bank of Nigeria (CBN) has debunked rumours of its plans to halt financial transactions from the 23rd to the…
Naira scarcity: business owners count losses as failed e-transactions rise
Abuja—Business owners in the Federal Capital Territory (FCT) say they are suffering losses as a result of the rise in…
ASSBIFI suspends strike, orders banks to resume operation
Abuja—The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has announced that banks should begin operations from…
CBN orders banks to collect old ₦500, ₦1,000 notes
Abuja—The Central Bank of Nigeria (CBN) has ordered banks to start collecting the old N500 and N1,000 notes from the…
New Naira: Buhari cannot overrule a Supreme Court order, says Ozekhome
Abuja—Senior Advocate of Nigeria, Mike Ozekhome, has said it is wrong for President Muhammadu Buhari to disobey the Supreme Court order…
We have capacity, enough materials to print required new naira notes, says CBN
Abuja—The Central Bank of Nigeria (CBN) says the scarcity of naira notes is not due to a shortage of printing…
New Naira: we didn’t anticipate challenges—CBN
Abuja—The Central Bank of Nigeria (CBN), on Thursday, admitted that the ongoing scarcity associated with the naira redesign and cash withdrawal…
New naira: CBN should introduce N5,000 note instead, says NACCIMA
Abuja—The Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Shola Obadimu, says the Central…
