Just in: Teleology Holdings scales NCC, CBN integrity tests, set to run 9mobile
Though official confirmation is still hard to get, strong indications emerged between Wednesday evening and Thursday afternoon that nearly one year on, Teleology Holdings Limited has passed the last integrity test and is set to assume ownership of 9Mobile any…
CBN heeds Senate resolution, fines MTN, 4 banks over abuse of Forex Act 1995
Three years after, the Central Bank of Nigeria (CBN) on Wednesday sanctioned leading telecoms giant, MTN and four commercial banks over what it described as flagrant violation of extant laws and regulation on foreign exchange. Though industry experts who spoke…
Direct sharing of new lower naira notes by CBN can’t varnish mutilated ones—Expert
…Already, CBN says N1.9b disbursed so far A retired banker with one of the old generation banks Bode Mohammed, has argued that no matter how the Central Bank of Nigeria (CBN) tours the entire federation and disburse new lower domination…
CBN’s idea of enforcing cashless policy with mutilated notes counterproductive—Survey
Since the beginning of cashless policy in Nigeria by the Central Bank of Nigeria (CBN) few years ago, there has been apparent end to the visibility of new lower naira notes including N200, N100, N50, N20, N10 and N5. Investigations…
Ghana: If weak banking sector is poor credit access, high lending rates, how safe’re we?
The ‘Hurricane’ Bank of Ghana (BoG) that swept together five commercial banks in Ghana into newly licensed Consolidated Bank this week can be an eye opener to the Nigerian banking sector in many aspects. Just like former Central Bank of…
Banks must grow in digital technology infrastructure to survive Fintechs—CBN
The Deputy Director, Other Financial Institutions Supervision (OFIS) Department at the Central Bank of Nigeria (CBN), Adedeji Adesemoye, has come up with a verdict that for banks to survive the intimidating incursions of Financial Technologies (Fintechs) in payment systems, they…
CBN’s new forex regulation takes effect from tomorrow, August 1
Regulatory provisions of the revised Foreign Exchange Manual shall take effect from August 1, 2018, the Central Bank of Nigeria (CBN) has said. A circular to made available to all authorized dealer banks and the public and signed by the…
CBN must review its mutilated currency notes policy with commercial banks—Expert
…Says direct exchange of new notes height of insult on itself A former Executive Director in one of the first generation banks has described the ongoing direct exchange of new lower naira notes for mutilated ones by the Central Bank…
CBN indicts FG, banks’ over observed failure in deepening financial inclusion
At a time financial inclusion penetration is seemingly weak, the Central Bank of Nigeria (CBN) has listed factors that suggest failures on the side of the federal government and commercial banks as key reasons for the low feat. In his…
CBN grants Teleology Holdings 20 working day plea on deadline extension
Though the 90-day payment completion window officially given to Teleology Holdings Limited expired weekend, indications are rife that its 20 working day plea for extension was granted by the Central Bank of Nigeria (CBN). Teleology Holdings Limited, the preferred bidder…
