Old Naira notes: Nigerians will lose hard-earned money over CBN’s deadline – Experts
Economic experts have said Nigerians would lose their hard-earned money over the Central Bank of Nigeria’s refusal to extend the January 31 deadline for phasing out N200, N500,…
JUST IN: CBN Raises Monetary Policy Rate
The Central Bank of Nigeria (CBN), has further raised the Monetary Policy Rate (MPR) by 100 basis points to 17.5 percent from 16.5 percent.Information Guide Nigeria This is…
Financial institutions battling climate-related shocks, says IMF
According to a new report released by the International Monetary Fund, the effects of extreme weather conditions are harmful to the health of financial systems. The report titled…
Interest rate hike likely as MPC meets today
Financial experts have expressed varying opinions on the possible outcomes of the rates ahead of the Central Bank of Nigeria’s two-day Monetary Policy Committee meeting, which begins on…
7 Facts about the National Domestic Card Scheme System
MYTH: ATMs, Cards will no longer be in use as CBN, NIBSS move to unify Payment through the National Domestic Card Scheme. FACT: This is FALSE. Existing ATMs,…
New naira deadline: CBN monitors compliance in A’Ibom
The Central Bank of Nigeria has begun steps to ensure that banks in the country meet the January 31 deadline for the circulation of old notes across the…
Sterling Bank seals new Bendel Insurance N75m deal
The sponsorship agreement between Sterling Bank Plc and Bendel Insurance FC of Benin has been renewed for the next Nigeria Premier Football League season.Information Guide Nigeria Renewal of…
World Bank forecasts another global recession
The escalating geopolitical tensions and a resurgence of the COVID-19 pandemic could push the global economy into recession and it would mark the first time in more than…
Cash limit to quicken bank’s migration to PAPSS network
The Central Bank of Nigeria’s (CBN’s) cash withdrawal limit policy is expected to quicken banks’ migration to the Pan-African Payment and Settlement System (PAPSS) platforms. THE NATION reports…
UK fines GTBank for ‘money laundering system failures’
The Financial Conduct Authority in the United Kingdom has fined the British arm of Nigeria’s Guaranty Trust Bank 7.6 million pounds ($9.3 million).Information Guide Nigeria The FCA stated…