USSD debt: Banks move to avoid disconnection as January 27 deadline approaches
The impending disconnection of Unstructured Supplementary Service Data (USSD) of nine commercial banks may not happen as the affected banks ...
Tag: CBN
Alleged N12.3bn fraud: CBN, First Bank staff to testify against Oba Otudeko, Ex-MD, others
Representatives from the Central Bank of Nigeria (CBN) and First Bank of Nigeria (FBN), along with other witnesses, have been ...
NiDCOM calls for strategic engagement over CBN’s Diaspora Investment Accounts
The Chairman/CEO of the Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa, has called for "strategic engagement" regarding the newly ...
CBN launches DocFlow and MDAs naira payment solutions
The Central Bank of Nigeria (CBN) has introduced two digital initiatives—the Document Flow (DocFlow) System and the Ministries, Departments, and ...
Nigeria’s FX reserves drop by $359.81 million in one week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million within a single week to settle at ...
CBN fines nine banks N150m each for failing to disburse ATM cash
The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for ...
eNaira value declined to N18.32 billion in September 2024 – CBN
The Central Bank of Nigeria (CBN) has reported a marginal decline in the value of the eNaira, Nigeria's official digital ...
CBN bars local deposits for newly launched diaspora-focused accounts
The Central Bank of Nigeria (CBN) has prohibited local deposits into the newly launched Non-Resident Nigerian Ordinary Account (NRNOA) and ...
Naira weakens further, closes the week at N1,544.50/$1 on official market, hits N1,647/$1 in parallel market
The naira experienced sustained pressure across foreign exchange markets this week, closing at N1,544.50/$1 on the official market and trading ...
Strong US job report increases risk of naira depreciation in 2025
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000. ...
