CBN - Central Bank Of Nigeria
CBN issues new rules for POS operators as withdrawal and deposit fee change
The Central Bank of Nigeria has issued instructions to Point of Sale operators and Payment Service Banks in a bid to better track the daily transactions.
Justice at last: NERC fines electricity distribution company for overbilling customers
The Nigerian Electricity Regulatory Commission fined Abuja Electricity Distribution Company (AEDC) the sum of N1.69 billion for overcharging customers.
POS operators increase withdrawal, deposit fees as fintechs begin N50 EMTL charges
The federal government has ordered Moniepoint, Palmpay, and other fintech companies to charge N50 on customers' accounts, which could lead to new PoS charges.
New exchange rate as naira reverses gain, crashes by over N90 against US dollar in 24 hours
Nigerian currency has lost more value against the United States dollar in the foreign exchange markets despite the recent intervention from the CBN.
Big boost for Naira as Nigeria’s foreign reserves rise by $490m after FG’s action
The Central Bank of Nigeria has revealed that Nigeria’s foreign reserves have increased following a successful $500m bond issuance, a big boost for the naira.
CBN gives new directive on PoS transaction through payment terminal service aggregators
CBN has directed PSPs to utilize its approved payment terminal service aggregators for every transaction occurring from POS terminals at merchant and agent location.
Naira recovers near N1,500/$ as CBN officially adjusts exchange rates, traders happy
The naira rallied against the US dollar in the official exchange rate window on Wednesday, September 11, 2024, to N1,558.75 per dollar from the previous day's rate.
FCMB wins Development Bank Awards for MSME lending and sustainability
FCMB has reinforced its standing in Nigeria’s financial landscape by winning two major awards at the 2024 Development Bank of Nigeria Annual Lecture Series & Awards.
Nigerian bank alerts customers on network issues on funds transfer, apologises
A major Nigerian bank announced delays in funds transfers across digital platforms, apologized for the inconvenience, and is urgently working to resolve the issue.
CBN - Central Bank Of Nigeria
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