The Central Bank of Nigeria (CBN) has reviewed downward most charges and fees for banking services as contained in the new Guide to Charges by Banks, Other Financial, and Non-bank Financial Institutions, with effect from January 1, 2020. The banking sector regulator explained that the move ...
The CBN’s new guide to bank charges slashed charges for cash withdrawal via other bank’s ATM to “maximum of N35 after the third withdrawal within the same month” from “N65 after the third withdrawal within the same month”. The CBN has removed Card Maintenance Fee (CAMF) on all c...
CBN withdraws cybersecurity levy directive to banks bynewspeak May 20, 2024 0 Akinwande Soji-Ojo The Central Bank of Nigeria (CBN) has withdrawn its directive to banks and other financial institutions to charge ... ‘To spur liquidity’—CBN grants approval to 14 new IMTOs ...
The People's Bank of China (PBC) on Monday evening announced to cut foreign exchange reserve requirement ratio(RRR) for financial institutions by 1 percentage points to 8 percent amid the yuan' accelerated depreciation. According to the central bank, the cut intended to shore up the capacity of...
The bank will support the import of cotton lint for use in textile factories, with a caveat that such importers shall begin sourcing all their cotton needs locally beginning 2020, he said. As part of its Anchor Borrowers Programme, the bank will support local cotton growers to...
The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered and returned over N60 billion from erring banks as excessive charges imposed on customers. This is just as the Apex Bank has announced that it had commenced the processes for creation of 10 million jobs in the nex...
Disgraced Chinese startup Luckin Coffee said it had paid $180 million to settle fraud charges in the U.S., in what appeared to be the latest step of a campaign to relist on the Nasdaq 20 months after the Starbucks rival was booted in a fake revenue scandal. ...
The People's Bank of China (PBC) on Monday evening announced to cut foreign exchange reserve requirement ratio(RRR) for financial institutions by 1 percentage points to 8 percent amid the yuan' accelerated depreciation. According to the central bank, the cut intended to shore up the capacity of...
fund is based on the insight of Chinese companies going abroad and going green, Jim Ma, head of commercial banking at the HSBC Bank China, said yesterday. Besides consulting services, HSBC China will provide a dedicated loan review channel and preferential interest rates to eligible loan ...
Npower Nexit portal: How to apply for CBN empowerment –The NEXIT Portal is a Portal that will enable Exited N-power Beneficiaries to apply for Central bank of Nigeria Empowerment Options as part of their transition package. The link to the portal and Beneficiaries login details will soon be...