CBN to Raise 50 Billion Naira from Cybersecurity Levy
The Central Bank of Nigeria will raise N50 billion by the end of 2024 through a 0.005 percent cybersecurity fee…
5 Nigerian Banks, Besides Heritage Bank, with Revoked Licence by CBN
Significant regulatory actions and changes have been implemented in Nigeria’s banking industry with the goal of maintaining stability and safeguarding…
Banks will be Deducting Cybersecurity Fees on Electronic Transactions
Commercial banks and other financial institutions are required by the Federal Government to begin charging a cybersecurity levy on the banking…
CBN Bans Palmpay, Opay and Others’ New Customers
Following a recent regulation by the Central Bank of Nigeria (CBN) prohibiting mobile money operators, including well-known fintech companies, from…
Court Grants Emefiele 50 Million Naira Bail in Fraud Case
An Ikeja Special Offences Court on Friday admitted the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail…
CBN Raises Interest Rate From 18.75% to 22.75%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from…
High Court Keeps Former CBN Governor Emefiele in Kuje Prison, Postpones Bail Decision
Emefiele will stay detained until the court’s decision on the bail motion, which is expected to be made on November…
The CBN Extends Validity For Old Naira Notes Indefinitely
According to the News Agency of Nigeria (NAN), in October 2022, the CBN redesigned the ₦200, ₦500, and ₦1,000 denominations….
CBN Calms Nigerians’ Fears, Confirms Old Naira Notes Remain Legal Tender
By Adeke Chukwuka Despite widespread rumors, the Central Bank of Nigeria (CBN) has confirmed that the old naira notes, such…
Court Adjourns Emefiele’s Case to January 25 Over $53 Million Debt
By Adeke Chukwuka A Federal High Court in Abuja has issued a statement, setting January 25 as the deadline for…
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Nigerian API-based company Thepeer raises $2.1 million
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Nigerian Startups might just be Crippled by a Recently Leaked bill
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