CBN [ Central Bank of Nigeria ] has authorised Nigerians to report Cases involving Debits from unauthorized POS Transaction. According to the Central Bank spokesperson Nwanisobi,the apex Bank has promised to make sure customers receive remedy and compensation on issues bothering on the excess deduction charges and withdrawals without customer consent. See Statement below The […]
The eNaira digital currency since its emergence has brought major concern as the Central Bank of Nigeria (CBN) warns Nigerians to be cautious of cyber criminal who have been posting fraudulent messages in line with the recently launched eNaira using fake social media handles. CBN Director, Corporate Communications, Mr Osita Nwanisobi, said in a post […]
Naira Crash : The Weakest For Both Official And Parallel Market Since 2017 finance experts reveal. The Naira is said to have crashed to a four-year low in the parallel market after all efforts by the Central Bank’s to coax banks to sell more Dollars to customers failed to bridge the widening gap between the […]
CBN – Abuse Nigerian Currency Go To Jail says the Central Bank of Nigeria to all and sundry as the power house expresses displeasure at the rate of naira abuse. The financial power house has expressed displeasure at the rate at which Nigerians and non – citizens ‘mutilate, deface, squeeze and even spray and sell’ […]
The Central Bank of Nigeria has approved the official exchange rate of N410.25 / $1 bluebloodz.com has learned. The CBN confirmed NAFEX Investor & Exporter forex window rate is now Nigeria’s official benchmark exchange rate, when they reported an official exchange rate of N410.25/$1and referenced it as “NAFEX Exch, Rate (USD) as at Monday, May 24, […]
The Apex bank has sacked all board members of the First Bank Nigeria plc including it’s chairman board of directors – Ibukun Awosika. The major shake up is related to the removal of Mr Adesola Adedutan as MD/CEO and the immediate appointment of Gbenga Shobo As replacement without regulatory Approval.
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 […]
The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud. A top central bank official while giving THISDAY more insight into last week’s decision mandating banks to close all accounts belonging to cryptocurrency traders, […]
Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online yesterday. Below is a concise explanation as to what the circular meant and why the CBN issued it. Cryptocurrencies over the years have gained popularity. The birth of bitcoin, the most valuable crypto, rose significantly four years ago. The […]
42 microfinance banks (MfBs) have had their operating licenses withdrawn by the Central Bank of Nigeria (CBN). Nigeria Deposit Insurance Corporation (NDIC) which stepped in to wind down the banks, said earlier that it would promptly commence the verification of claims of depositors from Monday December 21. The affected microfinance banks are – Others are – Solid Base MFB, Ijumu LGA, […]