By Esther Agbo Leading fintech company OPay has announced the launch of enhanced security features to protect customer funds. In a statement released on Sunday, the mobile money platform emphasised its commitment to providing users with peace of mind. Licensed…
The Central Bank of Nigeria (CBN) has reported a 39 percent increase in inflows through International Money Transfer Operators (IMTOs) for the first quarter of 2024 compared to the same period in 2023. This is according to data from the…
By Esther Agbo Access Bank organised a significant health webinar themed “Celebrating Resilience: Stories of Triumph, Coping & Healing” on Friday. The event focused on the fibroid journey of women, highlighting the experiences of Project 111 treatment beneficiaries, and aimed…
In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175 percent increase compared to the N209.608 billion incurred in 2022. Out of this total, N440.305 billion was specifically for that taxable year, 2023.…
Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company. The winners included no fewer than 40 customers who adopted and transacted on the Bank’s…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has stated that the country’s external reserve has increased to $36.89 billion as of July, 16 2024. CBN Governor, Mr. Olayemi Cardoso, made this statement during an…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the country’s external reserve increased to $36.89 billion as of July 16 2024 amid the banks’ policy interventions. Cardoso disclosed this on Friday in Abuja during an engagement…
The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions. These new guidelines, effective immediately, supersede previous policies issued in 2015. This is made known in…
The Naira on Friday depreciated at the official market, trading at N1,596.92 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira…
The Central Bank of Nigeria’s sale of foreign currencies to legible Bureau De Change operators gulped $110.81 million from February to July 18, 2024, amid measures implemented to defend the Naira. This is according to CBN circulars on the release…
