The Central Bank of Nigeria (CBN) on Thursday gave a directive to deposit money banks and Other Financial Institutions (OFIs) to accept Machine Readable Travel Documents (MRCTD) and Refugee Identification Card, as means of identification for bank transactions. This followed the challenges encountered by refugees and asylum seekers concerning means of identification during financial transactions. […] Read Full Story
The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said from Tuesday customers will pay a flat...
In December 2020, Nigerian agribusiness sighed in relief with a N74.10 billion loan to the sector. The loan, from First City Monument Bank (FCMB), which represents 10 percent of the bank’s total loans, is one of the highest in the banking industry, hence a laudable feat, as it has grown its loan portfolio to the […] Read Full Story