Transactions in Cryptocurrencies speculative, unreliable, should be discouraged – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex bank gave the explanation in a statement on its official…
CBN releases categorisation for payment system, says PSSs, MMOs, others not permitted to hold customer funds
The Central Bank of Nigeria (CBN), in line with its commitment to promote a strong and credible payment system, has approved new license categorisations for the payments system. A circular…
Skye Bank’s Takeover Saved 6,000 Jobs N949bn Depositors’ Money- NDIC
The Nigerian Deposit Insurance Corporation, NDIC says the takeover of Skye bank by its new owners, Polaris saved the job of 6,000 workers and depositors’ money…