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 […]

By InvestAdvocate Lagos (INVESTADVOCATE) –The naira on Monday gained more than the U.S dollar supported by dollar sales by Royal Dutch Shell, dealers affirmed according to a Reuters report. According to the report, the naira closed the day at N162.40 stronger than N162.55 recorded on last Friday. It said oil […]