Cyber security levy will drain Nigerians- TUC
Yemi Obafemi The Trade Union Congress (TUC) has said the 0.5 percent cybersecurity levy on electronic transactions by commercial banks…
Tag: CBN
Five levies, Nigerians Pay for Electonic transactions
Banks operating in the country have been ordered to start charging a cyber security levy on transactions by Central bank…
CBN slashes BDC exchange rate to N1, 036.3/$
•Sells $47.4m to BDCs in 2mths The Central Bank of Nigeria, CBN, yesterday for the second time in two months,…
Nigeria’s Treasury Bills Auction Oversubscribed by 254.23 Per Cent
The Nigerian Treasury Bills (NTBs) issued by the Central Bank of Nigeria (CBN) yesterday recorded an oversubscription of 254.23 per…
Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery
Many petroleum products marketers are currently facing difficulty in getting loans needed to finance the lifting of diesel and aviation…
CBN Partners International Money Transfer Companies to Double Remittances to Nigeria
*Remittance task force to report directly to Cardoso*Naira will continue to appreciate against dollar, says Shettima The Central Bank of…
Cardoso: CBN Has No Intention of Intervening in Forex Market
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, reiterated the apex bank’s stance of not…
CRR: Ten Banks’ Restricted Deposit with CBN Hits N17.1tn
As the Central Bank of Nigeria (CBN) maintained Cash Reserve Ratio (CRR) at 32.5 per cent in 2023, Zenith Bank…
Rising naira value: Presidency backs Cardoso, vows further clampdown on racketeers
The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the…
CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans
•Orders termination of existing facilities within 90 days •Approves fresh allocation of FX to BDCs at N1,101/$1, sale to customers…