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As from November 11, any institution applying for an indirect participant in the nation’s Payments System must have a satisfactory risk-based rating from the Central Bank of Nigeria (CBN).
Nigerian bank, Ecobank Nigeria Limited has advocated continuous collaboration by all stakeholders in the fight against cybercrimes in the country.g
The Central Bank of Nigeria (CBN) has explained that charges on cash deposit and withdrawals apply only to transactions above stipulated limits.
The National Bureau of Statistics (NBS) said the Nigerian banking sector allocated N15.13 trillion as total value of credit to the private sector in the second quarter (Q2) 2019.
Justice Bibiye, Communications Manager, National Social Investment Office (NSIO), says that funds allocated and released for the financing of the National Social Investment Programmes (N-SIPs) are not domiciled in the Office of the Vice President.
The National Social Investment Office (NSIO) has said that contrary to rumours, the office of Vice President was not involved in financial transactions or the disbursement of funds for the National Social Investment Programmes (N-SIPs)
As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.
The Nigerian Interbank Settlement System (NIBSS), says the NIBSS-Interbank Payments (NIP) recorded an increase in the volume of transactions in the first quarter of 2019 over transactions made through cheques.
The capital market has continued to record high incidence of unclaimed dividends due to the provision of inadequate proof of ownership of shares by investors, the acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk, has said.
The House of Representatives is to constitute an ad hoc investigative panel over the non-remittance of stamp duty by the Central Bank of Nigeria (CBN), money deposit banks and other collection agents.
With just one year to the Payment System Vision (PSV) 2020, the Central Bank of Nigeria (CBN) has disclosed that it has commenced a review of the project, just as it hinted of plan to set new targets under a refreshed version tagged PSV 2030.
The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.
The price of Bonny Light, Nigeria’s premium oil grade, has risen from $63.00 to $65.47 per barrel as the Organisation of Petroleum Exporting Countries, OPEC, cuts output by 500,000 barrels per day, bpd.
A Federal High Court sitting in Owerri, the Imo State capital has ordered the final forfeiture of a multi-million-naira hospital facility allegedly belonging to the House of Representatives member representing Ideato North and South Federal constituency, Pascal Obi.
The National Human Rights Commission (NHRC) has called for the arrest and subsequent trial of operatives of the Department of State Services (DSS) and other security officials involved in the invasion of the Federal High Court in Abuja.
The highest court in the U.S. blocked plans to bring back the death penalty on a federal level on Friday, days before a planned execution.
A woman in northern India who was on her way to a court hearing of a rape case she had filed months ago was set on fire Thursday morning by five men.
An official on Monday confirmed that the U.S. has resumed its aid to the Lebanese military worth some 105 million dollars.
Juventus defender Matthijs de Ligt has been named as the winner of the 2019 Kopa Trophy at this year's Ballon d'Or ceremony.
Super Eagles defender Leon Balogun believes tackling racism in football is a collective responsibility and that more punishments are needed to curb the menace.
Napoli centre-back Kalidou Koulibaly is doubtful for their Serie A fixture against Udinese on Saturday, owing to a shoulder injury.
Manchester United goalkeeper David de Gea Quintana has suggested the Premier League side may be lacking quality in some areas.