This data, sourced from the Central Bank of Nigeria’s quarterly statistical bulletin, reflects a significant shift in consumer preferences as POS becomes the dominant payment method, and the ...

A CBN report has shown that in the first half of 2024, Nigerians conducted transactions on POS terminals, far exceeding the ...

Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals. The implementation followed a directive by the Central Bank of Nigeria (CBN) on December ...

…here’s a plea to the CBN and the banks: fix this mess. The Nigerian economy cannot thrive on transfers alone – not when network failures are as common as political promises during election ...

Dare gave his opinion on Friday during a public lecture he organised, themed “The Cash War Between ATMs and POS Agents ... part of Nigeria’s economy. He said, “The CBN’s cashless policy ...

The Central Bank of Nigeria, CBN, on Monday released the Nigeria Foreign Exchange (FX) Code as the Naira appreciated against the dollar at the black market. The apex bank disclosed this in a ...

The Central Bank of Nigeria, CBN, yesterday released the Nigeria Foreign Exchange (FX) Code in a bid to mitigate risks following various positive transformations in the country’s financial ...

The Central Bank of Nigeria (CBN) has issued a directive requiring market participants in the wholesale foreign exchange (FX) market to submit a self-assessment report on compliance with the newly ...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced the completion of forensic verification to clear all pending foreign exchange backlogs, with payments set to commence ...

The Central Bank of Nigeria has granted a waiver to authorized Bureau De Change operators on the 2025 non-refundable annual license renewal. The apex bank disclosed this in a recent circular ...