CBN - Central Bank Of Nigeria
Bank staff mistakenly sends $81 trillion to customer expecting N400,000
An erroneous transfer from Citigroup resulted in a bank customer receiving a credit alert of $81trn (over N177 quadrillion), and it took hours for staff to notice.
CBN makes changes to ATM withdrawal limits, bank load machines as N100 charges begin
The newly imposed ATM withdrawal charges by the Central Bank of Nigeria (CBN) have commenced alongside withdrawal limits of N20,000 per transaction.
Naira appreciates by 8.5% against US dollar, traders sell at new exchange rate in black market
The Nigerian currency, the naira has recorded a missed performance against the United States Dollar in the official and unofficial foreign exchange market
Losers identified as dollar crashes in all markets, over N10 billion lost
The local currency saw a notable comeback, achieving one of its biggest gains in recent months, as it began February at N1,640'$ and concluded the month at N1,495/$
Naira’s gain: CBN crashes dollar for importers, releases new exchange rates for cargo clearance
The Central Bank of Nigeria (CBN) has released a new exchange rate for Customs duty, crashing the US dollar for importers following the rallying of the naira.
MTN Nigeria recovers N32 billion in USSD debt from Access, Zenith, UBA, other banks
MTN Nigeria has explained that it recovered N32 billion from the outstanding N72 billion in USSD debt by banks, leaving a balance of N42 billion yet to be paid.
New fraud trend: How agents use fake images of Nigerians and asians to register BVNs, steal N329m
A new report by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that enrolment agents created still images for BVNs and then stole N329 million.
New exchange rate as dollar appreciates in official, black markets
The Nigerian currency, the naira has depreciated in both the official and unofficial foreign exchange markets amid calls for removal of tax of FX transactions.
Entrepreneur explains how CBN’s new ATM charges exploit low-income Nigerians
As the date of the new CBN revised ATM charges approaches, the expert joined his voice with others calling for a reversal. He listed long-term consequences.
CBN - Central Bank Of Nigeria
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