News
Sterling Bank and Founders Institute partner to connect Nigerian early-stage founders with resources and opportunity
Sterling Bank, regarded as Nigeria’s most technologically advanced financial institution has partnered with the global accelerator program, Founder Institute (FI), to connect early-stage founders in ...
News
CBN Interventions: NIRSAL MFB disburses N440B
NIRSAL Microfinance Bank (NMFB) has disbursed a total of N439.74 billion to 711,706 beneficiaries under the Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) and ...
Nigeria
Nigeria: CBN pegs microfinance banks loan per transaction at N1m
The Central Bank of Nigeria (CBN) has pegged maximum loan limit for Microfinance Banks (MfBs) at N1 million per transaction. The apex bank ...
Nigeria
Nigeria: CBN threatens license revocation for microfinance banks trading in FX
Microfinance banks operating beyond the scope of their license will have their license revoked, the Central Bank of Nigeria (CBN) has warned. In ...
News
Nigeria: FIRS targets N5trn tax from Twitter, other digital platforms
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mohammed Nami, has said that the impending registration of Twitter and other social media ...
Nigeria
Nigeria: CBN asks banks to block accounts of 18 companies
The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all ...
Innovation
Nigeria: Upperlink secures PCIDSS licence for payment gateway deployment in Africa
Upperlink, a payment solution service provider licenced of the central bank of Nigeria, has secured the Payment Card Industry Data Security Standard (PCIDSS) ...
Nigeria
CBN Moves to Strengthen Cybersecurity in Other Financial Institutions
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation in order to ...
Nigeria
Nigeria: NITDA, SON in strategic move to raise the bar on IT standards in Nigeria
A new dawn for IT standards is set to emerge with the readiness for synergy and cooperation between the National Information Technology Development ...
News
Naira: Exchange rate determined by forces of demand and supply – CBN
The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value ...