CBN

4 Minutes

Extra

CBN: Why we revoked Heritage Bank’s licence

Akanji Philip June 4, 2024 0 Comment

The Central Bank of Nigeria (CBN) yesterday cited failure of the board of directors of Heritage Bank to improve its financial performance as the reason for the revocation of the bank’s operating licence. ...

3 Minutes

Business

We’re working to identify leakages, tighten surveillance on fintechs— CBN

Akanji Philip May 21, 2024 0 Comment

The Central Bank of Nigeria (CBN) says it is working to identify leakages and tighten surveillance on financial technology (fintechs) companies. Olayemi Cardoso, CBN’s governor, spoke on Tuesday during the press briefing of...

1 Minute

Business

Again, CBN Raises Interest Rate Amid Soaring Inflation Levels

Bright Olorungbotemi May 21, 2024 0 Comment

Voice Air Media, VAM News Update Nigeria’s Central Bank has raised interest rates for the third consecutive time. The monetary policy committee of the Central Bank of Nigeria (CBN) has raised the monetary policy...

5 Minutes

Business Economy

CBN: Food imports hit N3tn over flooding, insecurity

Akanji Philip May 21, 2024 0 Comment

The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings Revealed. According to the quarterly statistics of the Central Bank of Nigeria, the...

1 Minute

Business

BREAKING: CBN withdraws circular on cybersecurity levy

Akanji Philip May 20, 2024 0 Comment

The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy as outlined in the Cybercrime Prevention and Prohibition Amendment Act of 2024....

1 Minute

Business

BREAKING: CBN releases list of financial institutions in Nigeria

Akanji Philip May 8, 2024 0 Comment

The Central Bank of Nigeria (CBN) has released a comprehensive list of Deposit Money Banks (DMBs) and other financial institutions as of 26th April, 2024. The list was disclosed in a post on...

1 Minute

Business National

CBN orders ‘Cybersecurity Levy’ deductions on transactions

VAM News May 7, 2024 0 Comment

Voice Air Media, VAM News Update THE Central Bank of Nigeria, CBN, has directed 0.005 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN, yesterday, directed the deductions would become...

5 Minutes

Business

Tension as CBN bans Opay, Palmpay, others’ new accounts

Akanji Philip April 30, 2024 0 Comment

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 Association of Nigeria backed the CBN...

2 Minutes

Local News

Stop Creating Account For New Customers – CBN Directs OPay, Palmpay, Others

VAM News April 29, 2024 0 Comment

Voice Air Media, VAM News Update THE Central Bank of Nigeria (CBN) has issued a directive to four fintech companies, instructing them to halt the onboarding of new customers pending further notice. The affected...

1 Minute

Business

CBN sells dollars to BDCs— Report

Akanji Philip April 24, 2024 0 Comment

The Central Bank of Nigeria on Tuesday disclosed that it sold $10,000 to each Bureau De Change operator at a rate of N1,021 per US dollar. This is the second time this month...