Central Bank of Nigeria, CBN, has reaffirm its determination to sustain the resurgence of the Naira via continuous provision of foreign exchange to ensure Naira gains further strength as well as been available to end users. This is as the apex bank reiterated that...
The attention of the Central Bank of Nigeria (CBN) has been drawn to a media report suggesting that the Office of the Attorney General of the Federation and Minister of Justice has issued a query to the Central Bank of Nigeria (CBN) over issues...
The Court of Appeal sitting in Lagos has dashed the hope of the Federal Government to raise about N2.5tn per annum from stamp duties on bank lodgements with value of N1,000 and above.
Ruling on an appeal filed by Standard Chartered Bank against Kasmal International...
The suspension of the usage of naira payment cards to withdraw foreign currencies abroad and for online transactions has created problems for Nigerians, who are looking up to their banks for solutions, PUNCH reports.
In the last three weeks, Deposit Money Banks have recorded an...
Thousands of United Kingdom and Canadian visa applicants and intending travellers wanting to book hotels online were stranded as Deposit Money Banks stopped their naira debit cards from being used for dollar and other foreign currency-denominated transactions.
The DMBs had on Friday stopped their naira...
The Central Bank of Nigeria has directed the Deposit Money Banks to conduct Know Your Customers’ Business to ensure customers do not make illicit remittances through the banking industry.
The CBN gave the directive to banks and other authorised dealers in a circular signed by...
