Update: CBN Cashless Policy Charges on Cash Deposits, Withdrawals

By: Olajide Toriola The Central Bank of Nigeria (CBN), cashless policy which is currently operational in 6 states has been extended to all states nationwide. CBN has reviewed the charges…

FOREX: CBN Offers, Receives Bids For $100m

By: Olajide Toriola The Central Bank of Nigeria (CBN), says it has offered and received bids for $100 million from authorized dealers in the interbank market to meet the requests…

FOREX: CBN Pumps in $100m Into The Market

By: Olajide Toriola In continuation of its resolve to ease the challenge of access to foreign exchange, the Central Bank of Nigeria (CBN) on Tuesday, further injected another sum of…

3m Nigerians Lost N18bn To MMM Operators  – NDIC

The Nigeria Deposit Insurance Corporation (NDIC), has said three million Nigerians lost N18 billion in the Ponzi scheme, popularly called Mavrodi Mundial Movement (MMM). Speaking yesterday during the NDIC day…

Forex: Dollar to Crash Again as CBN Floods Market

By: Olajide Toriola In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale…

CBN Reviews New Cash-Less Policy

By: Olajide Toriola Central Bank of Nigeria has reviewed cash-less policy charges on withdrawal and deposit. The Policy will extend to the 36 States of the Federation in due time.…

CBN Intervenes With $370.9m in Foreign Exchange Market

Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN), on Tuesday, February 21, 2017, carried…

Heritage Bank Repositions for Improved Performance

By: Akin Akinremi Heritage Bank PLC has restructured its operations in a bid to enhance greater efficiency and resource optimization in line with its growth and industry innovative agenda designed…

Soludo Denies APC Membership

Former Central Bank of Nigeria (CBN), Governor, Professor Chukwuma Soludo, has debunked reports credited to the state chairman of All Progressives Congress (APC), in Anambra State, Mr Emeka Ibe, that…

NIBSS CEO Advocates Digital Media for News Dissemination

…Says mobile money feedback disappointing By: Olajide Toriola The Managing Director/CEO, Nigeria Interbank Settlement System (NIBSS), Ade Shonubi has reiterated the rising significance of digital or online media in financial…