International transfer through international money transfer operators (IMTOs) henceforth will be paid out in naira in line with recent guidelines from the Central Bank of Nigeria (CBN). This is in line with the recent directives from the Central B...
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Saturday, February 10, 2024
CBN Orders International Transfers Through Western Union, Others To Be Paid In Naira Instead Of Dollar
Friday, February 9, 2024
Stop Calling Customers’ Relatives Over Debt Recovery’- CBN Warns Financial Service Providers
The Central Bank of Nigeria, CBN, has warned banks and other financial service providers to stop calling customers’ relatives or friends over debt recovery. CBN disclosed this in a document released on Thursday on its official website titled “Revi...
Friday, June 16, 2023
Saturday, March 11, 2023
Aishatu Bubaram, Emerged First Bank Pioneer Northern Female Group Executive
FirstBank of Nigeria has appointed Aishatu Bubaram as group executive, Commercial Banking North Division, making her the first female from Northern Nigeria to attain an executive management position in the bank.Prior to her appointment, she wa...
All You Need To Know About Open Banking System in Nigeria
L ShareCentral Bank of Nigeria, CBN has approved the operational guidelines to open banking in Nigeria kickstarting an open banking regime in Nigeria.This was disclosed in a circular referenced: PSM/DIR/PUB/CIR/001/043, dated March 7, 2023, and si...
Sunday, March 5, 2023
Uncertainty As Banks Await Central Banks Instruction On Old Naira Recirculation
There is an air of uncertainty among Deposit Money Banks as they await further instruction from the Central Bank of Nigeria over the recirculation of old N500 and N1,000.The Supreme Court on Friday ordered that the old naira notes should be allowe...
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