Financial Services
Banking, Insurance and general financial services news
OPay, Palmpay, and others processed N46.6 trillion transactions in 2023 – NIBSS
NIBSS has revealed that licensed mobile money operators including Opay, Palmpay, and 15 others processed transactions valued at N46.6 trillion...
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Seven key-points of what Yemi Cardoso said today
In an interview on Arise TV on Monday, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, discussed...
Read moreDetailsCBN Governor questions impact of previous MPC meetings, projects a continued MPR tightening
CBN Governor, Yemi Cardoso expressed his concerns about the impact of previous Monetary Policy Committee (MPC) meetings.
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“Foreign investors interested in returning to the Nigerian market” – Yemi Cardoso
In a development signaling positive momentum for Nigeria's economic landscape, the Governor of the Central Bank of Nigeria (CBN), Yemi...
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Don’t blame the CBN for Nigeria’s FX woes- Cardoso
The Governor of the Central Bank of Nigeria (CBN) has said that Nigerians should not blame the apex bank for...
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$2.4 billion FX backlog not valid for settlement – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog...
Read moreDetailsCBN stops outbound IMTO transactions, also limits inflow payouts to Naira
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers,...
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CBN announces revised Cash Reserve Requirement Framework, stops daily debts
The Central Bank of Nigeria (CBN) has revamped its Cash Reserve Requirement (CRR) policy to enhance the banking sector's operational...
Read moreDetailsCurrency in circulation increases by N890 billion in three months under Cardoso
The amount of currency in circulation (CIC) has increased by about N890 billion between September 2023 and December 2023, according...
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CBN bans banks, fintechs from international money transfer services, hikes application fee by 1,900%
The Central Bank of Nigeria (CBN) has banned banks and financial technology companies (fintechs) from international money transfer services.
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