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CBN Imposes N6.98 Service Charge on Nigerians For all USSD Transaction.

The Central Bank of Nigeria has imposed N6.98 service charge on Nigerians for all USSD transactions.   A statement jointly signed by the apex bank and the Nigerian Communications Commission (NCC) and released yesterday March 16, says customers will pay a flat fee of N6.98 per transaction every time they use USSD services from March […]

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CBN Shuts Down #cryptocurrency Exchange Bank Accounts

The Central Bank of Nigeria has shut Down Cryptocurrency Exchange Bank Accounts. The memo dated “February 5, 2021 Reads – LETTER TO ALL DEPOSIT MONEY BANKS, NON-BANK FINANCIAL INSTITUTIONS AND OTHER FINANCIAL INSTITUTIONS The Central of Bank of Nigeria’s (CBN) circular of January 12, 2017 ref FPR/DIR/GEN/C1R,06/010 which cautioned Deposit Money Banks (DMBs), Non-Bank Financial […]