New Cybersecurity Levy in Nigeria: Key Details
The Central Bank of Nigeria (CBN) has mandated a 0.005 percent Cybersecurity Levy on electronic transfers. This move, aimed at bolstering cybersecurity measures in the country, will take effect within…
The Central Bank of Nigeria (CBN) has mandated a 0.005 percent Cybersecurity Levy on electronic transfers. This move, aimed at bolstering cybersecurity measures in the country, will take effect within…
The Central Bank of Nigeria (CBN) has initiated a significant wave of staff terminations under the leadership of Governor Olayemi Cardoso. With 50 employees dismissed on April 8, this marks…
All banks in the country have received a directive from the Central Bank of Nigeria telling them to stop taking foreign currencies as collateral for loans denominated in naira. This…
The Federal Government is preparing to issue three new national identity cards in May of this year, providing them to almost 104 million Nigerians nationwide in partnership with the National…
The currency rate that is used to calculate customs taxes at all of the country’s seaports has once again been hiked by the Central Bank of Nigeria (CBN). According to…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has been summoned by the Senate’s Committee on Banking, Insurance, and Other Financial Institutions in response to the recent decline…
New regulatory rules for the handling of cryptocurrency transactions by Deposit Money Banks (DMB) and other financial institutions have been announced by the Central Bank of Nigeria (CBN). Remember that…
The cause of the naira shortage throughout the country has been revealed by the Central Bank of Nigeria (CBN). The top bank said that some people are hoarding the money.…
The Central Bank of Nigeria (CBN) has made a noteworthy move by ceasing to charge processing fees for large cash deposits. The most recent version of the “Guide to Charges…
The Central Bank of Nigeria (CBN), in a move that is anticipated to have significant effects on the country’s economy, changed the exchange rate from N783.174/$1 to N951.941/$1. This Thursday…