The Nigerian Security Printing and Minting Company Plc (NSPMC) has assured Nigerians that it is capable of continuously producing the redesigned naira notes. The company in...
The value of mobile transactions also jumped by 124.85% to N2.37tn from N1.05tn in January 2022.
Mobile transfers increased by 125% compared to the same period the previous year.
The National Security Adviser has said that the recent policies introduced by the Central Bank of Nigeria (CBN) will make it difficult to pay officers on...
Despite the uncertainty surrounding the scarcity of the Nigerian Naira, the Nigeria Deposit Insurance Corporation (NDIC) has assured the Central Bank of Nigeria (CBN) that depositors...
Other alternative transaction methods Nigerians have been adopting included USSD, internet banking, mobile app banking, Point of Sales (POS), e-wallet among other electronic channels of transactions.
The Central Bank of Nigeria (CBN) has ordered the freeze of accounts related to Abdul Rehman Makki, a Pakistani linked to a terror group, Al-Qeada, by...
More startling discoveries have continued to rattle Nigeria’s banking sector following scarcity of the new naira notes. In some parts of the country, some senior officials...
The Central Bank of Nigeria (CBN) has threatened to withdraw the license of any POS Operators found guilty of inflating charges beyond the approved amount. Blaise...
If the Central Bank of Nigeria (CBN) had known that redesigning the N1000, N500 and N200 notes could threaten the economy of the nation as it...