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The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the reintroduced cashless policy will cause.
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to dishonour instructions on the payment of salaries, pensions, and taxes of public and private companies that are not transmitted on approved electronic payment and collection platforms.
The Central Bank of Nigeria has urged financial technology companies, payment service providers and Deposit Money Banks engaged in offering payment solutions to customers to ensure they adhere to policy framework and standards that guide their respective operations in the ecosystem in which they operate.
Otunba ‘Debola Osibogun, CAFEi President, said in Lagos on Sunday that extension of the deadline would give room for more people to key into the initiative.
The Central Bank of Nigeria (CBN) has warned Nigerians to beware of fraudulent messages in the social media circles requesting unsuspecting loan seekers and owners of small-scale businesses to apply for loans provided by the Federal Government through an e-mail address ([email protected]) purportedly being handled by the Central Bank of Nigeria (CBN).
The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.
At N2.158tn, currency-in-circulation, on month-on month basis, rose by 0.3 per cent at end-April 2019, the Central Bank of Nigeria has said.
Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.
The Central Bank of Nigeria (CBN) said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Monday unveiled his economic blueprint for the country, promising to recapitalise banks within the next five years to make them contribute significantly to economic growth.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).
A large proportion of the N7.9 trillion pieces of naira notes in circulation are dirty, mutilated, unfit for Automated Teller Machines (ATMs) and over-the-counter payments, the Central Bank of Nigeria (CBN) has said.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that total aggregate loans granted by Microfinance Banks (MFBs) to micro small and medium enterprises (MSMEs) in the country stood at N482.896 billion as at December 2018.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from the probe.
The Federal Government on Wednesday introduced the Strategic Revenue Growth Initiative to generate more revenues to finance national development.
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board.
Chairman of All Progressives Congress, APC, in Matazu Local Government Area of Katsina State, Alhaji Yusau Dissi, was reportedly abducted alongside nine others by gunmen in different attacks across the state.
Corriere del Mezzogiorno via Calciomercato reported that the Senegal international talked to the Super Eagles striker to ease his concern about racism and advised him to join Gennaro Gattuso’s side.
Valtteri Bottas stayed calm in a stormy race on Sunday to claim a measured victory for Mercedes as Formula One returned with a bang in a belated, dramatic and incident-strewn 2020 season-opening Austrian Grand Prix.
Jurgen Klopp said Liverpool’s ability to grind out wins when not at their best has been a hallmark of the champions this season after Sadio Mane and Curtis Jones struck in the final 20 minutes to beat struggling Aston Villa 2-0 on Sunday.
“Sexual abuse happens in every profession, whether it is medicine or law. We have also heard of lecturers who demand for sex from their students in order to award them high scores. Even in government circles, it happens. It affects all strata of society. It is not peculiar to Nollywood at all,” he told a national daily.
The Coalition of Civil Society Against Terrorism and Extremism (CATE) has implored President Muhammadu Buhari to sign an executive order into law that will allow law enforcement agents arrest and prosecute sponsors and collaborators of terrorists.
Manchester City winger Leroy Sane is set to complete a move to Bayern Munich after the two clubs agreed to a deal worth up to €60 million (£54.8m/$67m).
Trent Alexander-Arnold is eyeing long-term dominance with Liverpool and says the current side ‘want to go down as one of the best’ in the club’s history.
Barcelona coach, Quique Setien, defended his decision not to play Antoine Griezmann until injury-time for Tuesday night’s 2-2 draw with Atletico Madrid.
A 60-year-old man simply identified as Ogheneovo has been arrested by the Police in Ovwian/Aladja Division for allegedly defiling a 13-year-old girl in Ovwian community in Udu Local Government Area of Delta State.