CBN and SEC Impose Fines on Banks Totaling N678 Million
Nine financial institutions in Nigeria paid fines totaling N678 million in 2023 for regulatory violations, a significant decrease from the ...
Tag: CBN
Naira Appreciates Against Dollar, Hits N1,470/$1 in Parallel Market
In a surprising turn of events, the naira appreciated significantly against the dollar in the parallel market on Friday, May ...
CBN to Shift N5.5 Trillion Development Finance Activities to Private Banks and DFIs
The Central Bank of Nigeria (CBN) has announced plans for a significant restructuring in its operations, aiming to transfer approximately ...
Naira Hits Seven-Week Low, Trading at N1480/$1 in the Black Market
The Nigerian naira experienced a decline over the weekend, reaching a seven-week low against the US dollar. The official exchange ...
PoS Operators to Hike Charges Amid CBN, CAC Registration Mandate
Point-of-Sale (PoS) operators have expressed concerns over recent directives from the Corporate Affairs Commission (CAC) and the Central Bank of ...
CBN Suspends Charges on Cash Deposits Until September 30, 2024
The Central Bank of Nigeria (CBN) has announced the suspension of charges on cash deposits until September 30, 2024, following ...
CBN Mandates Banks to Impose 0.5% Cybersecurity Levy on Transactions
In a bid to bolster cybersecurity measures across the financial sector, the Central Bank of Nigeria (CBN) has instructed all ...
Money Outside Banks Surges to N3.63 Trillion as Cash Processing Fees Resume
Despite a decline in overall money supply (M2), currency outside banks (COBs) in Nigeria witnessed a notable increase of 10.67 ...
CBN Data Reveals Sharp Drop by N226 Billion in POS Transactions Amid Rising Cash Hoarding
In a stark reversal of trends, Point-of-Sale (POS) transactions in Nigeria plummeted by N225.73 billion in the first quarter of ...
CBN Debunks Fake Circular on Cryptocurrency Transactions
The Central Bank of Nigeria (CBN) has debunked a recent news circular circulating online that claims to be a letter ...
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