Banking

CBN raises interest rate to 26.25%

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) from 24.75 per cent to 26.25 per…

2 years ago

CBN halts 0.5% cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn the circular directing banks to implement a 0.5 per cent cybersecurity levy…

2 years ago

Bank manager arrested for alleged N650m fraud in Osun

The Police Command in Osun State has arrested a former bank manager for allegedly obtaining N650,850,000 from 35 persons on…

2 years ago

SERAP, BudgIT, others drag CBN to court over cybersecurity levy

The Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 Nigerians have filed a lawsuit against the Central Bank of…

2 years ago

Reps to CBN: Halt implementation of 0.5% cybersecurity levy

The House of Representatives has directed the Central Bank of Nigeria (CBN) to suspend the implementation of the cybercrime levy.…

2 years ago

Zenith Bank shareholders approve N125.59bn dividend payout

Shareholders of Zenith Bank Plc have approved the proposed final dividend payment of N3.50 per share, bringing the total dividend…

2 years ago

CBN orders banks to suspend charges on cash deposits till September

The Central Bank of Nigeria (CBN) has directed banks in the country to stop charges on cash deposits until September…

2 years ago

CBN orders banks to impose 0.5% cybersecurity levy on electronic transfers

The Central Bank of Nigeria (CBN) has ordered banks to start charging a 0.5 per cent cybersecurity levy on electronic…

2 years ago

UBA nets N570.2bn earnings as profit hits N156.34bn in 3 months

The United Bank for Africa Plc (UBA) has announced gross earnings of N570.2 billion for the first quarter of 2024…

2 years ago

Banks begin charges on cash deposits above N500,000

Commercial banks in the country have resumed charges for cash deposits exceeding N500,000 for individual accounts and N3 million for…

2 years ago

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