Tag: CBN
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Nigerians React As CBN Directs Banks to Charge 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to begin charging 0.5% cybersecurity levy on some transactions done...
Money outside banks rises to N3.63 trillion as lenders reinstate cash processing fees
Money outside the banking system, also known as currency outside banks (COBs), increased by 10.67 percent in the first quarter of 2024, despite a...
Central Bank Governor Links Government Palliatives Purchases to Rising Food Prices in Nigeria
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has attributed the increase in food prices in Nigeria to government purchases of palliatives.
Speaking...
CPPE urges CBN to adopt quarterly FX rate for customs duty collection
The Centre for Promotion of Public Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to implement a fixed quarterly exchange rate for...
CBN Reportedly Bans Moniepoint, Opay Others From Onboarding New Customers
The Central Bank of Nigeria (CBN) has issued a temporary ban on several mobile money operators, including prominent fintech firms such as OPay, Palmpay,...
