The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 202…
Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities.…
Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Associa…
A businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, on Wednesday, pleaded not guilty to tampering and abusing the naira during his trial at the Federal High Court…
The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators…
Chairman of the BUA Group of Companies, Rabiu Abdulsamad, has expressed confidence that prices in Nigeria will soon start to come down under the administration’s economic policies. Abdulsama…
The Ikeja High Court in Lagos State has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele in the custody of the Economic and Financial Crimes Commission (…
Former Emir of Kano, Muhammadu Sanusi II, has accused some Sharia law-implementing governors of stealing their state funds and using the same to construct a hotel in Lagos. The former Govern…
The Economic and Financial Crimes Commission (EFCC) has escalated its legal pursuit of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele, filing 26 new charges related to abuse of offic…
The Federal Government, through the National Identity Management Commission (NIMC), will launch an upgraded national identity card with payment functionality for all types of social and financial s…
By Professor Abdulkarim Garba In the realm of monetary policy, central banks worldwide employ various instruments to regulate the banking system, ensuring stability and efficiency. On…
The Central Bank of Nigeria has announced a new capital base requirements for banks with a minimum of N500 billion. A statement was signed by Haruna Mustapha, director financial policy and r…
