Category: Banking
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Banks begin deducting USSD charges from customers’ airtime today
Telecom subscribers in Nigeria will now be charged directly by their mobile network operators for Unstructured Supplementary Service Data (USSD) services, starting Wednesday, June 18, 2025.
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CBN debunks BDC recapitalisation deadline shift
The Central Bank of Nigeria (CBN) has debunked a news story circulating that suggested it had extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to Dec. 31.
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Virtual cards for international payments in Africa: how to select a service in 2025
Cash payments in Africa remain the primary payment method. However, interest in digital financial instruments is growing. People on the continent use mobile internet daily, which is driving the development of e-commerce and increasing the number of cross-border transactions. More purchases are being made online — apps, digital services, clothing, and appliances are all in…
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New ATM fees: Banks begin implementation, customers groan
Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive.
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Heirs Holdings announces key leadership appointment
Heirs Holdings is pleased to announce a further strategic leadership appointment, with Chidi Okpala becoming Executive Director – Payments, Group Integration & Strategy (PGIS).
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Access Bank appoints new Non-Executive Director
Access Holdings Plc has announced the appointment of Mr Uche Orji, as an Independent Non-Executive Director of its subsidiary, Access Bank Plc.
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CBN gov, Cardoso unveils new FX code to reform market practices
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday unveiled a new Foreign Exchange (FX) Code to the market. At the event in Abuja, Cardoso stated that it would establish clear and enforceable standards for ethical conduct, transparency, and good governance in the foreign exchange market.
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BREAKING: CBN gives update on use of old Naira notes
The Central Bank of Nigeria (CBN) has again released an update and clarified on the use of old Naira notes in the country.
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Bank customers decry shortage of cash as CBN reads riot act
Some small business operators and residents in the Federal Capital Territory (FCT), have decried the scarcity of Naira notes for various transactions. They spoke on Sunday in Abuja.
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It’s time for fintech operators to follow rules – SEC
The Securities and Exchange Commission (SEC) has said it is about time fintech operators are held to the rules of the capital market, especially in terms of fund-raising.