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…
Tag: CBN
Tension as CBN bans Opay, Palmpay, others’ new accounts
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…
Stop Creating Account For New Customers – CBN Directs OPay, Palmpay, Others
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….
CBN sells dollars to BDCs— Report
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…
JUST IN: Banks get three-month deadline to stop forex-backed loans
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…
Dollar to BDCs now N1,101/$1 – CBN
Voice Air Media, News Update THE Central Bank of Nigeria (CBN) has announced the sales of foreign exchange (FX) to the bureau de change (BDC) operators at the rate of N1,101/$. The…
Merger looms in Nigeria as CBN raises Bank’s capital requirements from N25bn to N200 billion, others
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…
CBN tops up interest rate to 24.75%
VOICE AIR MEDIA, News Update The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent from…
Disquiet as Cardoso begins cleansing at CBN, eases out Directors
VOICE AIR MEDIA, VAM News Update Barring any last minute changes, at least eight directors at the Central Bank of Nigeria (CBN) would be served early retirement letters from the apex bank…
CBN printing of N22tn under Buhari fueled inflation –Edun
The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from…