The MoU was signed as NCC and CBN inaugurated a Joint Committee on Payment Systems and…
Tag: Central Bank of Nigeria
CBN Introduces Overnight Financing Rate as New Benchmark for Money Market
The CBN explained that the new benchmark is designed to reflect global best practices in short…
Fidelity Bank Surpasses Recapitalization Threshold
With the CBN’s verification process complete, Fidelity Bank’s capital base now exceeds the required N500 billion…
CBN, SEC, Shareholders Grants Nod for Unity, Providus to Complete Bank Merger
Through the proposed merger, the combined capital base of Unity Bank and Providus Bank exceeds N200…
CBN Launches Direct Naira-to-Cedi Transfer Platform
This move represents a significant shift in West African financial architecture, aiming to lower transaction costs…
NIGERIA NOW HAS ONLY 82 BDC OPERATORS WITH CBN’s NEW REGULATORY MOVE
The new regulatory guidelines, aimed at curbing illicit financial activities and boosting external reserves, demand NGN2…
CBN INCREASES WEEKLY WITHDRAWAL LIMIT TO NGN500,000 FOR INDIVIDUALS; NGN5 MILLION FOR CORPORATES
This represents a considerable expansion of the limits introduced under the earlier cashless policy framework, which…
INTERSWITCH’s TECHCONNECT 5.0 ADVANCES COLLABORATION, COMPLIANCE, AND SCALABLE GROWTH ACROSS NIGERIA’s DIGITAL ECOSYSTEM
When we talk about powering Africa’s digital economy, it’s not just about technology, it’s about people,…
PROGRESS MADE IN STABILIZING FX, REDUCING INFLATION – CARDOSO
Addressing Nigeria’s economic landscape, Mr Cardoso acknowledged recent challenges but highlighted progress in stabilizing the foreign…
ACCESS BANK IS NIGERIA’S FIRST BANK TO MEET NEW BANKING CAPITAL REQUIREMENT, AS IT SECURES REGULATORY APPROVALS POST-RIGHTS ISSUE
This milestone solidifies the Company’s flagship subsidiary, Access Bank Plc (“the Bank”), as the first Nigerian…