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In a sweeping move to reinforce the health of Nigeria’s banking system, the Central Bank of Nigeria (CBN) has directed banks currently operating under regulatory forbearance...
TaxPro Max is a locally developed tax administration platform Dare Adekanmbi emphasized that this decision is part of ongoing efforts to improve the nation’s tax collection...
CBN Makes Fresh Announcement On PAPSS Transactions. Authorised banks can now source forex independently for settlements. Simplified KYC documentation applies for low-value transactions. The Central Bank...
Consumer credit refers to short- and intermediate-term loans, without collateral, offered by banks or online lenders. Retail loans witnessed an 18.18 percent decline, dropping to N0.90...
CBN Directs Banks to Publish Details of Dormant Accounts, Unclaimed Balances According to the CBN, a dormant account is one that has remained inactive for at...
Nigerian banks avoided USSD disconnection by repaying a significant portion of N160bn debt. The NCC’s deadline pushed banks to clear liabilities, ensuring uninterrupted services. A structured...
The Central Bank of Nigeria (CBN) has imposed a fine of ₦150 million on Deposit Money Banks (DMBs) found guilty of supplying mint naira notes to...
In a bid to ensure seamless access to cash through Over-the-Counter (OTC) transactions and Automated Teller Machines (ATMs), the Central Bank of Nigeria (CBN) has released...
On Wednesday afternoon, several members of the House of Representatives and their legislative aides were forced to evacuate their offices in the White House section of...
The Central Bank of Nigeria (CBN) has clarified that it has not reinstated the cybersecurity levy that was previously suspended. The CBN had initially suspended the...