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CBN
The Nigeria Data Protection Commission (NDPC) is currently investigating over 400 cases of privacy breaches involving digital lenders, popularly known as loan apps.
The exchange rate used for calculating customs import duties and cargo clearance has decreased for the fifth time in under two weeks, moving from N1,612 per dollar on March 15th to N1,405.46 per dollar currently.
EFInA in its Access to Finance (A2F) report revealed that 40 million adult Nigerians are formally excluded from the financial system.
The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to expedite actions on the increase of their capital base in order to strengthen the financial system against potential risk.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the current spate of monetary policy tightening measures by the CBN will not be long drawn and there will be relaxed once there are substantial improvements in the economy in terms of inflation and exchange rate.
The governor of the Central Bank of Nigeria, Yemi Cardoso, has made it clear in the context of the recent clash between the federal government and Binance, that the task of regulating cryptocurrency trading platforms does not fall to the CBN.
Law enforcement agencies are currently investigating a series of invalid foreign exchange transactions valued at $2.4 billion, according to Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN).
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.
The Federal Executive Council has granted its consent for the disbursement of N60 billion from the Central Bank of Nigeria via the Agric Small and Medium Enterprises Investment Scheme to boost small business growth, particularly among young entrepreneurs nationwide.
The Central Bank of Nigeria has issued a circular to BDCs informing them that they sold $10,000 t0 each BDC at a rate of N1,251/$1.
The Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR) by 400 basis points, elevating it to a historic high of 22.75% to combat inflation and foster economic stability.
The exchange rate charged by the Nigerian Customs Service (NCS) for cargo clearance and import duties collection has dropped significantly from N1572.5/$ to N1448.38 to the USD.