Tag: CBN
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Inflows through IMTOs jump by 63.7% in nine months amid CBN reforms
International money transfer operator (IMTO) inflows for the first nine months of 2024 increased by a noteworthy 63.7%, according to the Central Bank of...
CBN’s Weak Enforcement Driving Seasonal Cash Scarcity Across Nigeria- CHRICED
The Resource Centre for Human Rights & Civic Education (CHRICED) says the Central Bank of Nigeria, CBN’s lax and subtle sanctions on erring banks...
CBN, NCC Set Deadline for Banks, Telecoms to Settle USSD Debt
The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have stepped in to resolve a long-standing dispute between mobile network operators...
FG Issues Six-Month Deadline To Banks, Telcos Over N250bn USSD Debt
Deposit Money Banks and Mobile Network Operators have received a definitive mandate from the Nigerian Communications Commission and the Central Bank of Nigeria to...
CBN Imposes A Daily Cash-Out Cap Of N100,000 Per Customer For POS Transactions
A daily transaction restriction of N100,000 per customer has been implemented by the Central Bank of Nigeria (CBN) for cash-out transactions carried out by...
