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Industry sector growth increased from a stationary position in December 2024 to an expansionary level of 51.3 in January 2025, as reported by the CBN. New...
The bank explained that the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management of Keystone Bank Limited in...
In 2017, Keystone Bank was acquired by Sigma Golf Nigeria Limited from the Asset Management Corporation of Nigeria (AMCON). The transaction faced scrutiny due to allegations...
According to the charges, Uzondu is accused of violating Section 20 of the Central Bank of Nigeria Act, 2007 The defendant pleaded “not guilty” to the...
The last revision of ATM fees occurred in 2019 when the CBN reduced withdrawal fees from ₦65 to ₦35. Customers making international withdrawals using debit or...
According to the new regulations, BDCs are required to source the allotted foreign exchange from a single authorized dealer bank per week, with the aim of...
The CBN Governor made the announcement during the Nigeria’s Regulatory Policy Framework launch event organized by the Presidential Enabling Business Environment Council at the State House...
The Nigerian Communications Commission (NCC) had previously issued a directive on January 15, 2025, ordering nine banks to clear their debts by January 27, 2025, or...
Banks in Nigeria have begun implementing a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale (PoS) terminals, following a directive from...
CBN unveiled strategic plan aimed at combating the commoditization of the naira and restoring its credibility as a legal tender Commoditization is the process of treating...