16 Transaction Types Exempted from CBN’s Cybersecurity Levy
The Central Bank of Nigeria (CBN) recently directed banks to initiate the deduction of a cybersecurity levy to be administered ...
Sunday, January 19, 2025
Tag: CBN
NLC Opposes CBN’s 0.5% Cybersecurity Levy, Calls for Policy Reversal
The Nigeria Labour Congress (NLC) has opposed the Central Bank of Nigeria (CBN)'s directive requiring all financial institutions to levy ...
CBN clarifies education, petroleum tax for cash pooling settlement
The Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and ...
World Bank and Partners to Invest $500m to Bridge Agricultural Data Gap in Nigeria and Other Countries
A global collaborative effort involving the World Bank, the Food and Agriculture Organization of the United Nations (FAO), and the ...
CBN Mandates Banks to Deduct 0.5% Cybersecurity Levy from E-Transfers
The Central Bank of Nigeria (CBN) has instructed banks nationwide to impose a 0.5 percent cybersecurity levy on electronic transfers. ...
Currency in circulation rises to N3.87tn – CBN
The value of Nigeria’s currency in circulation has risen to N3.87tn at the end of March. According to the latest ...
Nigerians’ Cash Hoarding Outside Banks Hits 94% in March 2024: Report
Recent data analysis from the Central Bank of Nigeria (CBN) reveals a concerning trend: as of March 2024, an overwhelming ...
CBN worries over declining economic activities
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor ...
CBN stands firm on LDR policy to curb inflation
The Central Bank of Nigeria has again justified its reliance on the Loan Deposit Ratio to control the country’s rising ...
$2.4bn forex claims fictitious, says CBN
About $2.4bn out of the claimed backlog of $7bn forex claims were fictitious, the Deputy Governor of Corporate Services at ...
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