The Central Bank of Nigeria (CBN) has demanded that all point-of-sale (POS) operators in the country register with the Corporate Affairs Commission (CAC) within two months.…
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Nigeria’s Central Bank on Monday mandated Banks to commence charging a 0.5% cybersecurity levy on transactions. A circular released by the apex bank said the Banks should…
Nigerian Fintech company, OPay, has notified customers that the institution will no longer permit cryptocurrency and all other forms of virtual currency trading on its app.…
Nigerian financial technology company OPay has announced a temporary pause in onboarding new customers and creating new wallets. This decision comes in response to a recent…
The Central Bank of Nigeria (CBN) has ordered four fintech companies to put on hold the onboarding of new customers until further notice. The firms under scrutiny…
The Economic and Financial Crimes Commission (EFCC) is preparing to charge former Central Bank of Nigeria (CBN) Governor Godwin Emefiele with approving the production of N684.5…
The naira slumped further against the United States dollar at the official market on Tuesday, closing at 1,300 per dollar. This came as the Central Bank…
Data indicates that on Monday, the Naira experienced a 6% depreciation against the Dollar, reaching N1,234.49 to $1. FMDQ Exchange data, which monitors the Nigerian Autonomous Foreign…
The Federal Government of Nigeria, in collaboration with the National Identity Management Commission (NIMC), the Central Bank of Nigeria (CBN), and the Nigeria Inter-bank Settlement System,…
The Central Bank of Nigeria (CBN) increased the capital basis of commercial banks with international permission to N500 billion and national banks to N200 billion. This…