Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by Sunday PUNCH have shown. Specifically, the … Continue Reading CBN, SEC fine 10 banks N2.5bn over irregularities, among others
The principal sums deposited, the tenor and rate of interest were shrouded in secrecy, according to the Senate panel, chaired by Senator Matthew Urhoghide .
The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions. The apex bank said the transaction fees are effective Tuesday, setting … Continue Reading CBN imposes N7 USSD transaction fee on Nigerians
SERAP requested for details of the total overdrafts, the projects on which the overdrafts have been spent; repayment of all overdrafts to date,
Godwin Emefiele, governor of the Central Bank of Nigeria(CBN), has said that the Dangote Refinery would sell refined petroleum products in Naira when it commences production. According to the News Agency … Continue Reading Dangote Refinery to sell refined crude in naira – Emefiele
Prof Kingsley Moghalu has lauds the federal high court in Abuja over the order giving to Central Bank of Nigeria (CBN) to unfreeze the bank accounts of #EndSARS Promoters. Recalls … Continue Reading Kingsley Moghalu welcome court order to unfreeze bank accounts of #EndSARS promoters
Justice Ahmed Mohammed of a Federal High Court in Abuja has set aside the order he made on November 4, 2020 freezing the accounts linked to some promoters of the #EndSARS protest that … Continue Reading Court asks CBN to unfreezes accounts of 20 #EndSARS promoters
The regulator also said its decision was not in any way inimical to the development of FinTech or technology-driven payment solutions.
In 2020, crypto marketplace Paxful reported that Nigeria had the world’s second-largest Bitcoin by trading volume.
Shekau is a factional leader of the Boko Haram terrorists who claimed responsibility for last Friday’s abduction of over 300 schoolboys of Government Secondary School, Kankara in Katsina State. Human … Continue Reading When Will CBN Deal With Shekau, Katsina Abductors Like #EndSARS? – Aisha Yesufu
If any of the accounts belonged to any #EndSars protester, it was a mere coincidence, the chief judge said. The Federal High Court did not freeze accounts of #EndSars protesters … Continue Reading We froze bank accounts of #EndSARS protesters in error – Chief Judge Tsoho
A screenshot from a video captured when the vehicle was burningInsiders said when they set the van on fire around 6:47pm, they removed some of the money and put them in another … Continue Reading How GTBank Staff And CBN Official Burnt Bullion Van, ‘Stole N70m’ In Kano
Former Head of State, General Yakubu Gowon, has dismissed the allegations of money laundering levelled against him by a member of the United Kingdom parliament. The elder statesman condemned the … Continue Reading Gowon Dismisses Allegation Of Looting CBN, Asks UK Lawmaker To Check His Record
If there’s no money at the time of the failed transaction, the charges will be withdrawn from the account whenever it is funded. Nigerian banks have started charging customers for … Continue Reading JUST IN: Nigerian banks begin charging customers for failed transactions
Sixteen #EndSARS campaigners have asked a Federal High Court in Abuja to reverse the restriction placed on their accounts by the Central Bank of Nigeria (CBN). The CBN had frozen … Continue Reading 16 #EndSARS Campaigners Ask Court To Unfreeze Accounts
President Muhammad Buhari has reiterate that the Government will not give foreign exchange to anybody importing food or fertilizer into the country. He also urge young able-bodied in the country … Continue Reading No Foreign Exchange for Food Importation– Buhari