August 24, 2020/CBN As part of continued efforts by the Central Bank of Nigeria to ensure prudent use of foreign exchange resources and eliminate incidences of over-invoicing, transfer pricing, double handling charges, and avoidable costs that are ultimately passed to the average Nigerian consumers, Authorised dealers are hereby directed to […]
Money Market
CBN Direct Banks Led Electricity Market Collections
August 24, 2020/CBN In line with a directive of the Power Sector Coordination Working Group to improve payment discipline in the Nigerian Electricity Supply Industry (NESI), and thereby boost the overall quality of electricity generation, transmission and distribution, all Deposit Money Banks are required to immediately implement the underlisted actions […]
Ecobank launches Virtual Card for Online Payments
August 22, 2020/Ecobank Nigeria Ecobank has launched the virtual card, a digital payment solution for safe online payments, integrated into its digital banking channel, Ecobank Mobile. The Ecobank Virtual Card was rolled out in the recently released version of the award winning Ecobank Mobile app which is available for downloading at the Google Play and App Stores. All Ecobank current, savings and Xpress account […]
