CBN

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...

10 Minutes

Business

JUST IN: Banks get three-month deadline to stop forex-backed loans

Akanji Philip April 9, 2024 0 Comment

The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies...

1 Minute

Business

Dollar to BDCs now N1,101/$1 – CBN

VAM News April 8, 2024 0 Comment

Voice Air Media, News Update THE Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$. The CBN disclosed...

2 Minutes

Business National

Merger looms in Nigeria as CBN raises Bank’s capital requirements from N25bn to N200 billion, others

VAM News March 29, 2024 0 Comment

VOICE AIR MEDIA, VAM News Update Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by the Financial...