CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures

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CBN Retains Interest Rate At 27.5%

Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated...

33 Banks Now Bigger, Stronger

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33 Banks Now Bigger, Stronger

The recent recapitalisation exercise led by the Central Bank of Nigeria, CBN, which saw 33 deposit money banks raise an impressive N44.65 trillion, is...

CBN Sets N50k Daily Limit On Contactless Payments

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CBN Raises ITMO Application Fee To N10m, Restricts Banks, Fintechs From Providing Services

Contactless payments are a safe and convenient way to conduct transactions between payment devices such as pre-paid, debit, and credit cards, key fobs, mobile...

Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy

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Standard Bank, Stanbic IBTC Complete $250m Financing Deal For Aradel Energy

A consortium led by Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and Standard Bank of South Africa has reached financial close on a...

Trade Ministry, SMEDAN Plan MSMEs Academy

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Trade Ministry, SMEDAN Plan MSMEs Academy

The Federal Government, through the Federal Ministry of Industry, Trade and Investment has begun talks with the United Nations Industrial Development Organisation to set...

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Nigerian Army X Account Hit In Second Military Cyber Breach

Nigerian Army X Account Hit In Second Military Cyber Breach

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The Nigerian Army has reported an attempted unauthorised access to its official X account, marking the second reported cyber breach involving a Nigerian military...

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