We’ve not reintroduced cybersecurity levy – CBN
The Central Bank of Nigeria (CBN) claims it has not restored the previously suspended cybersecurity levy. On May 6, the ...
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Tag: CBN
Nigeria’s foreign reserves recorded $2.35bn net inflow in seven months – Wale Edun
The coordinating minister for the economy and minister of finance, Wale Edun, reports that during the first seven months of ...
CBN confirms implementation of controversial 0.005% Cybersecurity levy on transactions
The Central Bank of Nigeria (CBN) has confirmed the implementation of a controversial cybercrime levy set at 0.005 percent on ...
Dormant accounts are more susceptible to fraud – Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, claims that dormant accounts are more vulnerable to fraud. ...
CBN drops BDC operators in $123m sale
Bureau De Change Operators were excluded in the latest tranche of forex sales by the Central Bank of Nigeria to ...
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased Year-on-Year, YoY, by 458.2 percent to ...
CBN to sanction banks for rejecting old, small Dollar denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations ...
CBN grants IMTOs access to trade on official market
The Central Bank of Nigeria (CBN) has announced that procedures have been implemented to allow eligible international money transfer operators ...
CBN ban: Opay, Kuda issue strict guidelines for account opening
Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of ...
CBN nullifies Heritage Bank’s licence
Effective immediately, the Central Bank of Nigeria (CBN) has terminated Heritage Bank Plc's licence. The regulator stated that the decision ...
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