Wed Sep 3, 2014/Reuters The Nigerian naira was unchanged at 162.40 per dollar at Wednesday’s close, supported by dollar sales from two oil companies, dealers said. The local unit of Italian oil firm Eni sold $13 million and Addax Petroleum sold $12 million, boosting dollar liquidity on the interbank market. […]

The Central Bank of Nigeria (CBN) is monitoring the implementation of its directive that banks install anti-skimming devices on their Automated Teller Machines (ATMs). Its Director, Banking & Payment System, Dipo Fatokun, said although the compliance level among banks is high, the long-term plan is to achieve total conformity among […]

Customers on Monday dumped the use of other banks’ Automated Teller Machines in a bid to avoid paying the newly introduced N65 ATM fee, which became effective that day. The Central Bank of Nigeria, in collaboration with the Bankers’ Committee, had on August 13, 2014 announced the introduction of the […]