Archives Tag: Central Bank Of Nigeria
BUSINESS E-Commerce Events News
e-Business Fair Gathers Thousands of SMEs With Industry Experts
April 19, 2022
Connectnigeria.com hosted over two thousand visitors at the Orchid Hall, Expo Center, Eko Hotel and Suites on Saturday 26th October 2013 to its annual business fair, which was themed “E-Business and the Growth of Your Enterprise.” Present at the event were representatives from different financial and service institutions such as the Central Bank of Nigeria, … Continue reading e-Business Fair Gathers Thousands of SMEs With Industry Experts
By kunle-binuyo
Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
April 19, 2022
“Importing foreign currencies without our authorization is now illegal,” says The Central Bank of Nigeria (CBN), in a move following the withdrawal of operating licenses of 20 Bureaux de Change (BSCs). In a statement by the CBN, signed by its Director of Corporate Communications, Mr Ugo Okoroafor, it states that, “BDCs purchased and sold huge … Continue reading Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
By sheyi
CBN To Award Winner of Football Competition N2 Million
April 19, 2022
The Central Bank of Nigeria (CBN) has announced that the winner of its 2013 All Financial Institutions Football Competition (AFIFC) will receive a prize money of N2million. The competition, jointly organized with the Nigeria Football Federation, NFF, will have the prizes to motivate participants, says CBN’s Director of Corporate Communications, Ugochukwu Okoroafor. He also said, … Continue reading CBN To Award Winner of Football Competition N2 Million
By sheyi
Mobile Payment in Nigeria Growing – CBN
April 19, 2022
The Director of Banking and Payment System Department, of the Central Bank of Nigeria, Mr Dipo Fatokun, has said that mobile payment is gaining a lot of grounds in Nigeria, and that the policy is being taken beyond cash-in-cash-out remittances and top up. He made this disclosure at a conference in Lagos organised by Leeds … Continue reading Mobile Payment in Nigeria Growing – CBN
By sheyi
Blog of the Week News Research
8 in 10 Nigerians Support New National ID Card Scheme
April 19, 2022
A recent poll released by NOIPolls has shown that about 8 in 10 Nigerians are in support of a new identification (ID) card scheme. Of those polled in the research, 60 percent implied that the ID cards will serve as a means of identification and proof of citizenship. The results also revealed that about 58% of … Continue reading 8 in 10 Nigerians Support New National ID Card Scheme
By kunle-binuyo
BUSINESS E-Commerce ECONOMY News TECH
CBN Revises e-Payment System in Nigeria
April 19, 2022
The Central Bank of Nigeria (CBN) has launched Release 2 of its Payment System Vision 2020. The document, “urges operators to mobilize available technology to take mobile financial services to the grassroots.” According to Mallam Sanusi Lamido Sanusi, CBN Governor, “launching the PSV2020 Strategy (Release 2) document was a proactive response to address the identified … Continue reading CBN Revises e-Payment System in Nigeria
By sheyi
CBN Defers Cashless Policy Charges for States, Till October
April 19, 2022
The Central Bank of Nigeria has deferred the implementation of Cashless Policy charges on lodgments and withdrawals in Federal Capital Territory (Abuja), Abia, Anambra, Kano, Ogun and Rivers States so as to allow customers adjust to the new policy. The charges stated below would now take effect from the 1st October, 2013. Deposit Withdrawal Individual 2% … Continue reading CBN Defers Cashless Policy Charges for States, Till October
Cashless Payment in Nigeria is Growing, CBN Says
April 19, 2022
The Deputy Governor (Operations) of the Central Bank of Nigeria, CBN, Tunde Lemo, during a speech at a conference in Lagos – themed, Transiting to a Cashless Society: Charting the Way Forward – revealed that cashless banking transactions in Nigeria is growing, especially in the last year. He was represented at the event by Director, … Continue reading Cashless Payment in Nigeria is Growing, CBN Says
CBN Extends Cheque Limit Nationwide on June 1st
April 19, 2022
The Central Bank of Nigeria (CBN) has issued a circular extending the maximum limit of N150, 000 on third party cheque withdrawals nationwide with effect from June 1, 2013. This implies that third party cheques above N150, 000 cannot be cashed over the counter and can only be received through the clearing house or deposited through … Continue reading CBN Extends Cheque Limit Nationwide on June 1st
Paper Notes Return, Polymer Out, CBN Says
April 19, 2022
“By the middle of the year, we will start to produce the second generation of lower denomination notes, now in paper not in polymer,” says the Deputy Governor of the Central Bank of Nigeria (CBN), Tunde Lemo, at the ongoing World Bank/International Monetary Fund (IMF) forum in Washington United States. He continued, “My plea is … Continue reading Paper Notes Return, Polymer Out, CBN Says
GTBank Records N103 Billion in Profit, An Amazing First Among Nigerian Banks
April 19, 2022
Audited financial records of Guaranty Trust Bank – GTBank – submitted to the Nigerian Stock Exchange (NSE) showed its profit before tax to be N103 billion for the fiscal year ending in December 2012. The figure is 66% growth from N66.08 billion recorded in 2011. This, according to the Central Bank of Nigeria (CBN) is … Continue reading GTBank Records N103 Billion in Profit, An Amazing First Among Nigerian Banks
Heritage Bank, formerly Societe-General, Restarts Regional Operations in Nigeria
April 19, 2022
By January 29, Heritage Bank, formerly Societe-Generale, will commence operations as a regional bank, in Nigeria. This comes months after the Central Bank of Nigeria (CBN) restored the banking licence of Societe Generale Bank of Nigeria (SGBN), but will now do business as Heritage Banking Company Limited. Operations will commence with accounts validation of former … Continue reading Heritage Bank, formerly Societe-General, Restarts Regional Operations in Nigeria
By david
Revised Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria
April 19, 2022
The Central Bank of Nigeria (CBN) has unveiled new guidelines for Microfinance Banks operating in Nigeria. The revised or second edition of its Regulatory and Supervisory Guidelines for Microfinance Banks is coming now, when business are getting back from the holiday break, and as the apex bank directs more attention to microeconomic conditions in Nigeria. … Continue reading Revised Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria
By david
No more N100 withdrawal charges if you don’t use the ATM of your Bank
April 19, 2022
The Central Bank of Nigeria, continuing in its reforms and positioning the Nigerian Banking Industry to match its global competitors, has put an end to inter-bank charges of N100 when customers use ATM machine other than their Banks’. This comes weeks after Diamond Bank stopped charging its consumers for using ATMs provided by other Banks. … Continue reading No more N100 withdrawal charges if you don’t use the ATM of your Bank
Get 5% Discounts In Sony Centers Nationwide!
April 19, 2022
MasterCard has announced its first collaborative relationship with a local Nigerian retailer, Flying Dove Limited – authorized distributors for Sony Corporation and owners and operators of Sony Centers in Nigeria. Through the collaboration, MasterCard will incentivize its cardholders to make use of electronic payment solutions, thus supporting the Central Bank of Nigeria’s (CBN) move towards … Continue reading Get 5% Discounts In Sony Centers Nationwide!
