Except there is any other intervention, telecommunication companies (Telcos) have issued an ultimatum to suspend Unstructured Supplementary Service Data (USSD) services due to unpaid bank debts amounting to …
CBN Policies
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Business News
Naira makes heavy recovery against Dollar with CBN’s New Directive
by iDeemlawfulby iDeemlawfulThe Naira has significantly appreciated in value against the US Dollar following the Central Bank of Nigeria’s (CBN) implementation of a new policy. The Central Bank of Nigeria’s …
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The Central Bank of Nigeria has published a directory of its branches across the country. This directory provides contact information and email addresses for each branch. The purpose …
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Business News
Nigerian 10 Fastest Growing Sectors – 2024 Q3 Economy Report
by iDeemlawfulby iDeemlawfulNigeria’s economy showed resilience in the third quarter of 2024, recording a GDP growth rate of 3.46% year-on-year, an improvement from 3.19% in Q2 2024 and significantly higher …
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Business News
CBN to Penalise Banks with Empty ATMs, selling ‘mint’ cash
by iDeemlawfulby iDeemlawfulThe Central Bank of Nigeria says it will heavily penalise banks with empty ATMs and those selling ‘mint’ cash to naira hawkers. Solaja Olayemi, CBN’s acting director for …
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The Nigeria Deposit Insurance Corporation (NDIC) has launched a national auction of landed properties and physical assets belonging to the defunct Heritage Bank, marking a critical step towards …
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Business News
5 things POS operators should know about CBN Registration
by iDeemlawfulby iDeemlawfulIt is important for Point of Sale, POS, operators in Nieria to stay informed, especially with the recent demand from the Corporate Affairs Commission, CAC. The CAC now …