Customers suffer in long queues for insufficient cash
Customers on Friday queued under the sun waiting to withdraw cash from the Automated Teller Machines (ATMs) as banks pay insufficient amounts.
Our correspondents visited some banks, in…
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CBN
Emefiele reiterates commitment to women financial inclusion
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has reiterated the Bank's commitment to promoting gender equality and financial inclusion among women.
This is…
Overview of the operational guidelines for open banking in Nigeria
On 7 March 2023, the Central Bank of Nigeria (the "CBN") issued the Operational Guidelines for Open Banking in Nigeria (the "Guidelines"), setting out detailed provisions on the…
CBN adopts new strategy to reduce negative interest rates
The Central Bank of Nigeria (CBN), on Tuesday, said it will slow the pace of its rate hikes as a new strategy to reduce negative interest rates in a bid to boost investment in the country.…
Naira redesign didn’t check rising inflation – KPMG
A new report by KPMG Nigeria has revealed the change in the design of the Nigerian naira notes has no impact on curtailing the rising prices of goods and services across Africa’s biggest…