The naira on Friday depreciated against the dollar, exchanging at N803.90 at the investors and exporters’ window. The naira decreased by 7.72 percent compared with N746.28, which it exchanged for
Despite recent criticisms of plans to increase the price of service charges, the Association of Mobile Money and Bank Agents in Nigeria has said current economic conditions have not prompted
In a note sent to its customers on Friday, the financial institution said it has imposed a $500 monthly limit on international spending conducted through its naira cards. Last year,
President Bola Ahmed Tinubu has appealed to the Senate to approve a borrowing request of $800 million from the World Bank. Recall that former President Muhammadu Buhari had, towards the
From the Central Bank of Nigeria (CBN) yesterday came a directive to International Money Transfer Operators (IMTOs): pay dollars received through Diaspora remittances to domestic beneficiaries in naira. A circular
The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store. This
The Federal Competition and Consumer Protection Commission (FCCPC) says an investigation has been launched into the price-fixing attempts by Point of Sales (PoS) agents. The commission, then, said any PoS
Wema Bank Plc has launched of the 3rd season of its 5 for 5 promo which is aimed at recognising and rewarding customers across Nigeria for their unwavering loyalty to
Nigeria Can Seize the Opportunity to Realize Its Growth Potential, The new administration has initiated critical reforms to address macroeconomic imbalances. This window of opportunity could have a transformative impact
The Central Bank of Nigeria (CBN) has released new guidelines for contactless payments in the country, limiting the daily cumulative transaction limit via the channel to N50,000 and single transactions
