Banking & Finance
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124CBN Orders BDCs to Reapply for Operating Licences
The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters of new...
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73CBN Withdraws Circular on Cybersecurity Levy
The Central Bank of Nigeria has retracted its directive asking banks and payment service providers to collect and remit the cybersecurity levy...
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120NDIC Secures Order to Wind Up 96 MFBs, PMBs
The Nigeria Deposit Insurance Corporation (NDIC) has revealed that it has obtained Winding up Orders for 96 out of 183 Micro Finance and...
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105CBN Grants Approval to 14 Money Transfer Operators
The Central Bank of Nigeria has activated plans to double foreign-currency remittance flows through formal channels by granting 14 new International Money...
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81CREDICORP Engages Banks on Consumer Credit Initiative
Hopes for businesses in Nigeria to access credit brightened recently, as the Consumer Credit Corporation (CREDICORP) is engaging with Nigeria’s lending ecosystem to...
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97
Tinubu 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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84CBN 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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85Only 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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107
Central 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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84
‘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...
