Tag Archives: DMBs

The Central Bank of Nigeria (CBN) has allayed fears on forex shortage and urged members of the public seeking to purchase foreign exchange for PTA, BTA, payment of tuition fees or medical fees to do so from their banks. The apex bank on Sunday made this call while announcing the …

The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) today said that bank customers are to begin paying N6.98 kobo per Unstructured Supplementary Service Data (USSD) transaction commencing today. The price replaced the former per session billing structure for USSD transactions. They disclosed this in a joint statement …

The Central Bank of Nigeria (CBN) has given order to resume cheque clearing in banks which was temporary suspended from March 31st, 2020 to “ensure hitch-free clearing and settlement activities” during the first 14-days lockdown. It stated this in a circular to all the DMBs and Nigeria Inter-Bank Settlement System …

In view of deepening financial technology growth in Nigeria for international standard and inclusiveness, the Fintech Association of Nigeria is set to roll out fintech roadmap for its ecosystem. This is said to help create a robust synergy between industry players for industry and economic growth. According to Taiwo Joda …