Home / Tag Archives: Central Bank of Nigeria (page 18)

Tag Archives: Central Bank of Nigeria

CBN Introduces New Cybersecurity Levy On Electronic Transactions

THE Central Bank of Nigeria (CBN) has issued a new directive to all financial institutions, including commercial, merchant, non-interest banks, payment service banks, and mobile money operators mandating the implementation of a 0.5% cybersecurity levy on all electronic transactions. This move is in line with the provisions of the recently …

Read More »

16 CBN-Licensed Loan App Companies In Nigeria

THE digital lending landscape in Nigeria has witnessed significant growth, with an array of licensed loan app companies offering credit facilities to both individuals and businesses. These companies, licensed by the Central Bank of Nigeria (CBN), play a crucial role in providing financial services to the informal sector. The Federal …

Read More »

Naira Falls To ₦1,300 Against Dollar Amid Forex Turbulence

THE naira experienced a significant depreciation, falling to ₦1,300 per dollar in the parallel foreign exchange market on Wednesday, a 3.17 per cent drop from its rate of ₦1,260 on April 22. In the bustling foreign exchange market, currency traders, particularly Bureau de Change (BDC) operators, faced a volatile trading …

Read More »