The Central Bank of Nigeria (CBN), has warned Nigerian banks and other financial institutions in the country to be wary of transactions from Russia, Iran, the Democratic People’s Republic of Korea, and Cameroun. The apex bank via a circular signed…
The Central Bank of Nigeria (CBN) has set transaction limits for contactless payments in Nigeria, for commercial banks and other financial institutions to adopt, in cognizance of the risks associated with contactless payments. In a circular issued to Banks, other…
The Central Bank of Nigeria in a bid to deepen financial inclusion in the country has launched an e-learning platform known as ‘SabiMoni’. The platform is a fully designed digital national e-learning portal that provides a comprehensive knowledge base for…
The Nigeria Labour Congress (NLC) through its president Ayuba Wabba has urged the Central Bank of Nigeria (CBN) to suspend its recent cash withdrawal policy noting that it poses so many implications to the majority of the citizens. The union…
The Central Bank of Nigeria has debited the sum of N838.32 billion from 15 banks for not meeting the minimum cash reserve ratio (CRR). The CRR is the percentage of customers’ deposits that must be kept with the central bank.…
