The Purchasing Managers’ Index (PMI) for Nigeria rebounded in December 2024, led by services, agriculture, indicating a return to economic expansion after two consecutive months of contraction.A ...
The value of the naira improved against the US dollar in the foreign exchange market after the Central Bank of Nigeria ...
Experts Give Updates on Ways Nigerians Can Avoid Paying Excessive Charges in GTB, Access Other Banks
Exorbitant fees for basic banking services like withdrawals and account maintenance have only made the financial difficulties ...
The Nigerian currency, the naira, appreciated massively against the dollar in both parallel and official foreign exchange markets on Tuesday. On the black ...
Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make ...
Speaking at the event in Abuja, Cardoso said the FX Code would establish clear and enforceable standards for ethical conduct, ...
The Central Bank Governor Olayemi Cardoso has announced that the forensic verification of the $7 billion FX backlogs is nearing ...
The FX Code is backed by the CBN Act of 2007 and the Banks and Other Financial Institutions Act (BOFIA) of 2020, which provide a robust legal framework for imposing sanctions on violators. Cardoso ...
The saying that technology moves faster than regulation remains universally true, regardless of the sector. Whether in ...
Instead, he pointed to a POS operator stationed nearby, ready to facilitate the transaction for a fee. For a ₦16,000 transfer, the POS charge was ₦400 – a shocking leap from the ₦65 banks would ...
The Central Bank of Nigeria, CBN, today announced that it has approved the waiver of non refundable annual license renewal fees for existing Bureaux De Change (BDCs) in the country.
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