Browsing Tag
cbn
98 posts
GTBank removes POS processing fees for merchants and businesses
GTBank's initiative is coming at a time the CBN imposed new charges on ATM withdrawals
CBN introduces new N100 per N20,000 ATM charges to take effect from March 1
The CBN also discontinued the zero ATM charges for the first three monthly withdrawals
Fraud: CBN mandates NIBSS to debit account of banks that receive fraudulent transactions
The new CBN directive is expected to bring about significant changes in the wake of recent fraud incidents
Access Bank to shut down services on Saturday October 12 for systems upgrade
Access Bank is set to embark on a system upgrade which is set to run from the night of Saturday, October 12 till the early hours of Sunday, October 13. Access Bank Customers are advised to avoid engaging in banking activities during the system upgrade period in other to avoid future disruptions
CBN orders BDCs to re-apply for new licences, bans street trading of foreign currencies and gold
The CBN also bars BDCs or their franchisees from engaging in activities like street-trading of foreign currencies
CBN bans cash dollar payments for Personal and Business Travel Allowance, orders banks to process them electronically
CBN's new policy highlights the new shift in foreign transactions and adapting to electronic means for accessing both personal and foreign travel allowances.
CBN partners Central Bank of Egypt on fintech regulation and financial inclusion
The Central Bank of Nigeria (CBN) has signed two major memorandums of understanding (MoUs) with the Central Bank…
With nearly 58 million BVN issued, why is fraud rate still rising in the banking sector?
However, despite this substantial growth in the number of issued BVN, there is still a concerning prevalence of fraud in the banking sector.
CBN warns against international money transfer to Russia, Cameroun, others
CBN issues out warning to Deposit Money Banks and Other Financial Institutions.
Only 15% of Nigerians use social media but the CBN demands that banks verify handles as a KYC requirement
The Central Bank of Nigeria (CBN) has recently announced a new regulation that mandates banks to collect and…
