BREAKING: PayPal Has Reinstated its Policy to Fine Users $2,500 Directly...
Paypal's policy of charging $2,500 for spreading "inaccurate or misleading information" has been reinstated, as outlined in the User Agreement's Restricted Activities.
The financial service...
Just In: CBN set to redesign N200, N500, N1000 notes
CBN Governor Godwin Emefiele made the announcement during a special press conference in Abuja. The new design and issues will be implemented beginning December...
Trapped funds: CBN to release $120 million to foreign airlines by...
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has said that international airlines in the country would get $120 million at the end of...
Naira depreciates by 50% after ban on BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the black market value of the dollar against...
CBN, NIBSS Move to Unify Payments Through National Domestic Card Scheme
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card...
Elon Musk lost nearly twice total value of BMW so far...
Tesla stock closed the week in the red, with Elon Musk posting record daily losses of $11.3 billion, raising questions about whether it is...
Reason CBN needs to adopt blockchain – Professor Yemi Osinbajo
Professor Yemi Osinbajo has stated that Nigeria may need to further broaden the scope of its banking licences in order to accommodate more players...
BREAKING: Naira falls big to N740/$1 on black market Exchange Rate
On the black market, the naira-US dollar exchange rate has dropped to a new low, trading at a minimum of N740/$1 on Tuesday morning....
Telecom operators threaten to shutdown banks’ USSD services over N80bn debt
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to disconnect banks in the country from the Unstructured Supplementary Service Data (USSD)...
Inflation: CBN raises interest rate to 15.5%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) to 15.5 percent, from 14 percent in a bid to curb...