The Central Bank of Nigeria has disclosed it has begun imposing charges on deposits and withdrawals above N500,000 for individuals and N3million for corporate bodies. The...
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made by defaulter in...
The Central Bank of Nigeria (CBN), has warned Nigerians against accepting loans from “fraudulent” organisations currently requesting people on social media to apply for SME loans...
By JULIUS ALAGBE The Small scale and Medium Enterprises, SMEs, sector is emerging as the beautiful bride of deposit money banks in the country as they...
...says Forex restriction on food import creating more uncertainty CEO of Financial Derivatives Company, Bismarck Rewane has argued that the Nigerian government’s idea of economic patriotism...
…Targets 40million unbanked Nigerians Telecom giants, MTN Nigeria, in a move that could potentially redefine the country’s banking industry, is about to delve into mobile banking...
A leading telecommunication company , MTN Nigeria has announced that its subsidiary, Yello Digital Financial Services Limited (YDFS), has been granted a full Super Agent Licence...
By ADEBAYO OBAJEMU The Nigerian Inter-bank foreign exchange market received another boost of 210 million dollars from the Central Bank of Nigeria (CBN) after transactions on...
To encourage commercial lenders to extend credit to the private sector, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the...