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CBN denies reintroducing cyber security levy

The Central Bank of Nigeria (CBN) has denied reintroducing the controversial cybersecurity levy that was previously suspended.The denial was contained in a statement titled...
News

CBN reduces cybersecurity levy on bank transfers to 0.005%

The Central Bank of Nigeria (CBN) has reduced the cybersecurity levy on electronic transactions from the previously contested rate of 0.5% to a new...
Business

Channel POS Transactions Through Interbank System, CBN Tells Operators

The Central Bank of Nigeria has issued a 30-day timeline for Payment Service Operators (PSP) to channel all Point of Sales (POS) transactions through...
Business

Nigerians Demand Interst Rate Reduction, Says Inflation Causing Hardship

A report published by the Central Bank of Nigeria has indicated that the country’s inflation is too high for consumers to survive, making them...
News

CBN Africa celebrates 30 years anniversary in grand style

The Christian Broadcasting Network Africa Africa (CBN), has earmarked activities to celebrate its 30th year anniversary on the continent of Africa in grand style.Regional...
Business

CBN gives payment providers 30 days to commence tracking of POS transactions

The Central Bank of Nigeria has issued a 30 days ultimatum to Payment Service Providers (PSPs) in the country to adhere to the revised...
Business

CBN intervenes in forex market, announces Dollar sale to BDCs

In a bid to stabilize the Nigerian naira, the Central Bank of Nigeria (CBN) has announced the sale of dollars to Bureau De Change...
Business

Medical, School Fees, Mount Pressure On FX Market, Naira Slides Further

The Naira has depreciated by 2.5 per cent in one month as pressure from invisible transactions like school fees and medical allowances have destabilised...
Business

CBN raises Standing Deposit Facility rate to control liquidity 

The Central Bank of Nigeria has raised the Standing Deposit Facility (SDF) rates as part of its continuous attempts to control liquidity in the...
Business

Infinity Trust Mortgage Bank Mulls N50bn Capital Raise With Private Placement

Infinity Trust Mortgage Bank (ITMB) Plc has disclosed plans to raise an additional N50bn through a private placement as part of its strategic expansion...
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