A recent report by financial advisory firm, Ernst and Young, shows that at least 17 out of the existing 24 Deposit Money Banks may be unable...
The Central Bank of Nigeria (CBN) has restated its restriction on banks in the country from using their currency revaluation gains for dividends or operational expenses,...
Banks and financial technology businesses (fintechs) are no longer permitted to carry out foreign currency transfer services, according to the Central Bank of Nigeria (CBN). The...