The Nigerian Bureau of Statistics (NBS) said on Saturday a total of 2,781,526,188 transactions valued at N319.99trillion were recorded through the e-payment platforms in the Nigeria...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
Deposit Money Banks, DMBs, in the country can now operate mobile money wallets without getting approvals from the Central Bank of Nigeria, CBN, the apex bank...
Disappointed by the meagre N33 billion so far declared as stamp duty collection in the country, the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has announced...
Deposit Money Banks (DMBs) are planning concessionary loans of between 15 and 20 per cent interest rates for mini-grid operators under the Nigeria Energy Support Programme...
Banks and other financial institutions are to pay N2.5 million in fine for the use of unapproved e-payment solutions in the country. This is contained in...
Each branch of Deposit Money Banks (DMBs) in the country that pays out counterfeit or mutilated banknotes will be fined N1 million, the Central Bank of...
The recent announcement by telecoms giant, MTN, that it would soon apply for a Payment Service Bank (PSB) licence and launch mobile banking in Nigeria by...
The Central Bank of Nigeria (CBN) said the maximum credit issuable to agriculture, manufacturing, and other related sectors that are employment and growth stimulating to the...
In a bid to mitigate the effect of the tight monetary policy stance which has slowed down outflow of funds to the real sector of Nigeria’s...
Despite the improving macroeconomic environment, the banking industry seems likely to continue to grapple with Non-Performing Loans (NPLs), in the short-term at least, as financial results...
The loan books of Deposit Money Banks are shrinking by the day as lenders step up investments in securities and money market assets at the expense...
