The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week...
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Kano School Dares CBN, Accepts Payment Of Fees In Cryptocurrency
Despite the ban on cryptocurrency by the Central Bank of Nigeria (CBN), a private secondary school in Kano, New Oxford Science Academy, Chiranchi, on Thursday announced that it is accepting cryptocurrency as...
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2 Minutes
CBN Grants Lotus Bank Non-interest Banking Licence
VAM news has gathered that Central Bank of Nigeria has granted a non-interest banking licence to Lotus Bank Limited. A statement titled ‘CBN grants Lotus Bank licence to commence non-interest banking operations’...
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CBN Ready To Print Gambian Currency
The Central Bank of Nigeria, CBN, says it is ready to mint the Gambian Dalasi at the Nigerian Security Printing and Minting PLC (NSPMC) facility when both parties sign the deal. Mr Godwin...
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CBN To Nigerians: Spray Naira Notes, Go To Jail
þ The Ctral Bank of Nigeria, CBN, has warned Nigerians against spraying the Naira notes in parties and other events. Isaac Okorafor, the CBN spokesman, who made this known on Thursday in a statement,...
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2 Minutes
JUST IN: Banks Begin N6.98 Deduction On USSD Transactions
Emerging reports have shown that bank customers using the unstructured supplementary service data (USSD) payment channels will now pay a flat fee of N6.98 per transaction replacing the current N4.89 session billing structure....
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