Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
The Central Bank of Nigeria’s (CBN) cashless policy, which aims to reduce the amount of cash in circulation, has faced challenges due to unreliable digital banking...
A large crowd has gathered at the Central Bank of Nigeria (CBN) office in Marina, Lagos, as Nigerians attempt to swap old N500 and N1000 notes...
Nigerians are currently in a state of confusion over where to deposit their old N1000 and N500 notes. This development comes after conflicting announcements from Deposit...
The Central Bank of Nigeria (CBN) has directed commercial banks to collect old N500 and N1000 notes from their customers who have enrolled and generated reference...
For many Nigerians, the hardship occasioned by the decision of the Central Bank of Nigeria (CBN) to redesign some higher denominations of the nation’s currency is...
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...
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...