CBN moves to disburse lower currency denominations
THE CENTRAL Bank of Nigeria, CBN, has begun a process that would make the country’s lower currency denominations available to Nigerians.
CBN, 3 banks receive N12bn from investment in AFC
Central Bank of Nigeria, CBN, and three other banks in the country received $41.736 million dividends (N12.938bn) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC.
Turnover in I&E rises 24% to $29.7bn in H1’18
THE volume of dollars traded in the Investors and Exporters, I&E, window rose by 24.2 percent to $29.7 billion in the first half of the year, H1’18, from $23.9 billion traded in 2017.
Epayment: CBN imposes cyber security levy on charges
THE Central Bank of Nigeria (CBN) has imposed a cyber security levy of 0.005 percent on service charge collected by payment service providers, PSPs, on electronic payment transactions.
FAAC logjam triggers uncertainty as N409bn inflow boost liquidity
THE delay in the release of statutory allocation funds due to the inconclusive meeting of the Federation Accounts Allocation Committee, FAAC, last week has triggered uncertainty over direction of cost of funds in the interbank money market this week. This is in spite of liquidity boost of N409 billion expected from maturing treasury bills this week.
CBN directs banks to resolve USSD disputes in 3 days USSD
The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.
