The Central Bank of Nigeria (CBN) yesterday said it is working closely with the Nigeria Deposit Insurance Corporation (NDIC) to design an insurance so as to protect customers in the event of failure of any of the mobile payment operators. Director, Banking and Payment Department, CBN, Mr. Oladipupo Fatokun, said […]
Tag: Central Bank of Nigeria
Cash-less policy’ll not hurt low-income group – Sanusi
The Governor, Central Bank of Nigeria, Malam Sanusi Lamido Sanusi, has reiterated that the cash-less policy of the bank will not affect low-income group adversely as being speculated. Sanusi made the remark at the opening of the three-day 17th Seminar for journalists organised by the bank in Akure on Wednesday. […]
CBN to review upward individual, corporate cash withdraw limit
Respite is underway for the banking public as the Central Bank of Nigeria (CBN) will soon review upwards the current N500,000 and N5 million transaction withdrawal limits for individuals and corporate bodies respectively. The apex bank is also harping on the need for more Nigerians to embrace banking culture and […]
