Reps To Probe CBN Over Dismissal Of 600 Workers

The House of Representatives has resolved to investigate the circumstances that led to the recent sacking of about 600 staff by the Central Bank of Nigeria (CBN).

JUST-IN: Reps Order CBN To Suspend Cybersecurity Levy

The House of Representatives has directed the Central Bank of Nigeria (CBN) to halt the proposed implementation of the cybercrimes.

Cybersecurity Levy Is Conspiracy To Extort Nigerians – NLC

The Nigeria Labour Congress (NLC) has rejected the proposed 0.005 percent Cybersecurity Levy on electronic transfers, describing it a gang-up to extort the Nigerian people.

16 Bank Transactions Exempted From CBN’s New Cyber Security Charges

In a significant move, the Central Bank of Nigeria (CBN) has issued a directive for all banks to implement a 0.5% cybersecurity levy on all electronic transactions to bolster cyber defences.

Banks To Begin Deduction of Cybersecurity Levy 

The Central Bank of Nigeria (CBN) has directed all financial institutions in the country to begin the deduction of cybersecurity levy on all electronic transactions effective May 20, 2024, six years after it first issued the directive.

Banks change ATM withdrawal limits for some customers below CBN rules

Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs), Arabella Star Magazine can report.

CBN Revokes Operational Licenses Of 4,173 BDCs

The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators, accusing the affected institutions of failing to observe regulatory provisions.

Monetary policy reforms will check inflationary tide, check foreign exchange distortions – CBN

The Central Bank of Nigeria (CBN), says its on-going reforms will check rising inflationary trend and address distortions in the foreign exchange market.

JUST-IN: CBN Begins Sales Of Forex To BDCs

The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange to eligible Bureau De Change operators (BDCs) to meet the demand for invisible transactions.