Slash in transaction fees: Banks shun yearly sms Christmas wishes to customers’
Many Nigerian banks’ account holders and customers’ have taken their anger to social media over commercial banks’ silence in sending out season’s greetings and best wishes via sms this year. Some of the bank customers’, who vented their anger using…
CBN’s slash in banking transaction fees boost to digital economy—Minister
…As apex bank clarifies reduction in current account charges The reduction of the cost of electronic cash transactions as well as Automated Teller Machine card maintenance fees by the Central Bank of Nigeria remains an unprecedented boost to Federal Government’s…
Senate may cancel deal as CBN, MTN brush down $8.1bn fine to $52.6m
After several intensive engagements in Lagos between telecoms giant, MTN and the Central Bank of Nigeria (CBN), both bodies have in separate statements issued on Monday, disclosed that the they have agreed to $52.6m in settlement of the $8.1bn foreign…
Nigeria-China currency swap deal didn’t lift ban on or cover 41 items, CBN insists
As a way of clearing the air between the new Nigeria-China currency swap deal and the fate of the 41 items banned in its 2015 circular on items not valid for foreign exchange, the Central Bank of Nigeria (CBN) on…
Investors’ in any kind of crypto currency not protected by law—CBN
The Central Bank of Nigeria (CBN) has issued a serious caution against any one investing in any form of cryptocurrency, noting that cryptocurrencies such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Onecoin, among others and Exchanges such as NairaEx were not…
Success stories of ABP spur CBN to inject additional N45bn
The observed success story coming from the performance of the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP), have encouraged the bank to continue to inject additional fund for more farmers. The CBN had through select banks, formed strategic…
Experts fault CBN’s claims of inflationary pressure for not cutting banks’ lending rates
Nigerians have reacted to a recent comment by an official of the Central bank of Nigeria (CBN), saying that the apex bank may not reduce the benchmark lending rate anytime soon owing to the high inflationary pressure in the country….
Zenith Bank leads other 7 in continued SMEs forex window after sack of 16 violators
For keeping to the laid down due process in the administration of Small and Medium Scale Enterprises (SMEs) window of the foreign exchange market access, the Central Bank of Nigeria (CBN) has named Zenith Bank and seven others as only…
CBN moves to boost forex liquidity, improve access to SMEs and retail businesses to forex.
Relying on the introduction of the use of Form X, for the Small and Medium-scale Enterprises (SMEs) seeking to purchase foreign exchange from the Central Bank of Nigeria (CBN), analysts are upbeat that that the policy will grow the activities…
CBN’s new special forex window for SMEs’ll drive cut forex settlement period
Analysts have hailed the tactics used by the Central Bank of Nigeria (CBN) to open a special foreign exchange window for the Small and Medium Enterprises (SMEs), saying it would help in growing the sector faster. Before now, many SMEs…
