CBN – Page 6 of 14 – Prime Business Africa

Nigerian Govt Spends $1.12bn On External Debt Service In Q1

The Central Bank of Nigeria (CBN) has revealed that the Federal Government spent $1.12 billion on foreign debt service in the first quarter (Q1) of 2024. According to data from the CBN,

Victor Ezeja

7 months ago

CAC Registration: POS Agents Laments As Police Plan Arrest Of Illegal Operators

Business·Latest News

CAC Registration: Mixed Reactions Among PoS Agents As Police Plan Arrest Of Illegal Operators

Point-of-Sale (PoS) agents across Nigeria are voicing their concerns as the Federal Government announces plans to enforce mandatory registration, with the promise of cracking down on illegal operators. The move, aimed at

Emmanuel Ochayi

7 months ago

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Business·Latest News

Forex Crisis: 3 States Govts Seek Suspension of $501m Foreign Debts

State governments in Nigeria are facing the brunt of the foreign exchange (Forex) crisis and are seeking relief from their debt repayment burdens. Ekiti, Cross River, and Ogun states have jointly proposed

Emmanuel Ochayi

7 months ago

Business·Latest News

CBN’s Cybersecurity Levy Sparks Reactions From Nigerians

Nigerians have expressed dissatisfaction with the new cybersecurity levy imposed by the Central Bank of Nigeria on bank customers for electronic transactions.

Jacinta Chisom Oguadinma and Favour Winner

7 months ago

4 Electronic Transaction Levies Nigerians Pay As CBN Introduce Cybersecurity Levy

Business·Latest News

4 Electronic Transaction Levies Nigerians Pay As CBN Introduces Cybersecurity Levy

In the wake of the directive by the Central Bank of Nigeria mandating banks to impose a 0.5% cybersecurity levy on transactions, attention has been drawn to the plethora of other levies

Emmanuel Ochayi

7 months ago

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Latest News

CBN Suspends Cash Deposit Charges Until September

The Central Bank of Nigeria (CBN) has halted charges on cash deposits until September 30, 2024. In a circular dated May 6, 2024, signed by Adetona Adedeji, the Director of Banking Supervision,

Emmanuel Ochayi

7 months ago

Business·Latest News

CBN Orders Banks To Charge 0.5% Cybersecurity Levy On Transactions

In a move to fortify Nigeria’s financial system against cyber threats, the Central Bank of Nigeria (CBN) has mandated banks to enforce a cybersecurity levy on transactions, starting within two weeks. “The

Emmanuel Ochayi

7 months ago

New Pos Charges: PoS Operators Risk N10m Fine, Imprisonment

Business·Latest News

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

As the Nigerian government continues to adopt measures to combat money laundering, terrorism, among others, all Point of Sale operators (PoS) across the country have been mandated to register their agents, merchants

Victor Ezeja

7 months ago

Business·Currency·Latest News

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

the Securities and Exchange Commission (SEC) has finalized plans to delist the naira from all peer-to-peer cryptocurrency trading platforms.

Victor Ezeja

7 months ago

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business·Latest News

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

Nigeria’s currency in circulation has surged to N3.87tn as of March’s end, indicating a preference for cash among Nigerians. The Central Bank of Nigeria (CBN) disclosed this in its latest money and

Emmanuel Ochayi

7 months ago

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CBN - Page 6

Nigerian Govt Spends $1.12bn On External Debt Service In Q1

CAC Registration: Mixed Reactions Among PoS Agents As Police Plan Arrest Of Illegal Operators

Forex Crisis: 3 States Govts Seek Suspension of $501m Foreign Debts

CBN’s Cybersecurity Levy Sparks Reactions From Nigerians

4 Electronic Transaction Levies Nigerians Pay As CBN Introduces Cybersecurity Levy

CBN Suspends Cash Deposit Charges Until September

CBN Orders Banks To Charge 0.5% Cybersecurity Levy On Transactions

Nigerian Govt Gives PoS Operators 2-Month Deadline To Register With CAC

Why Nigerian Govt Plans To Ban Naira From Crypto Trading Platforms

Nigeria’s Currency In Circulation Hits N3.87trn- CBN Reveals

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