Banking & Finance
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84Tinubu Suspends 0.5% Cybersecurity Levy
President Bola Tinubu has suspended the 0.5 percent cybersecurity levy after criticism trailed the announcement. Mohammed Idris, minister of information and national...
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75CBN Determined to Tame Soaring Inflation –Cardoso
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank could raise interest rates in its bid to...
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77Only 25% of Bank Deposits Insured –NDIC Boss
The Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Bello Hassan, has revealed that only 25 per cent of the...
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96Central Bank Mandates Banks to Comply with FX Reforms
In a move to enforce total compliance with the rules of engagement, the Central Bank of Nigeria (CBN) on Thursday, issued a directive...
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74
‘Cybersecurity Levy Adds Burden on Businesses, Unjustifiable’
The Lagos Chamber of Commerce and Industry (LCCI) has said that the directive by the Central Bank of Nigeria (CBN) imposing a...
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75
CBN Unveils List of Licensed Deposit Money Banks
Amidst the rush for recapitalisation, four deposit money banks in the country have upgraded their banking licence from regional banking to national...
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64Cashless: CBN Suspends Charges on Cash Deposits
The Central Bank of Nigeria (CBN) has directed banks to stop charges on cash deposits until September 30, 2024. CBN disclosed this...
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95FG to Delist Naira from Crypto Trading Platforms
In a latest effort to crackdown on naira manipulators in the foreign exchange market, the Federal Government, through the Securities and Exchange Commission...
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104Banks Borrowing Drops by ₦23.99tr
Nigerian banks’ lending, in the month of March, to the private and public sectors dropped by N23.99 trillion, data from the Central...
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81
CBN Orders Cybersecurity Levy Deductions on Electronic Transfers
The Central Bank of Nigeria (CBN) has directed 0.5 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN yesterday,...
